v3.26.1
Property, Plant and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property, plant and equipment

(5) Property, plant and equipment

As of June 30, 2026 and December 31, 2025, the Company’s property, plant and equipment was as follows:

 

June 30,
2026

 

 

December 31, 2025

 

Land

 

$

576

 

 

$

 

Laboratory equipment

 

 

12,443

 

 

 

11,340

 

Animal facility leasehold improvements

 

 

8,801

 

 

 

8,401

 

Animal facility equipment

 

 

1,372

 

 

 

1,278

 

Construction-in-progress

 

 

411

 

 

 

759

 

Leasehold improvements

 

 

7,197

 

 

 

7,065

 

Vehicles

 

 

202

 

 

 

202

 

Office furniture and equipment

 

 

1,979

 

 

 

1,777

 

Total Property, plant and equipment, gross

 

 

32,981

 

 

 

30,822

 

Less: accumulated depreciation and amortization

 

 

(18,752

)

 

 

(17,516

)

Property, plant and equipment, net

 

$

14,229

 

 

$

13,306

 

Depreciation and amortization expense was $0.8 million and $1.5 million for the three and six months ended June 30, 2026, respectively, and $0.8 million and $1.5 million for the three and six months ended June 30, 2025, respectively. In June 2026, the Company purchased unimproved land and began construction of a second farm facility in South Dakota to increase manufacturing capacity and establish a redundant herd to support long-term commercial supply for SAB-142.