v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following at June 30, 2026 and December 31, 2025:
(in thousands)June 30, 2026December 31, 2025
Machinery and equipment$2,690 $2,098 
Furniture and fixtures96 96 
Computers and hardware108 108 
Software99 99 
Leasehold improvements584 622 
Construction in progress 2,982 430 
Property and equipment, gross6,559 3,453 
Less: accumulated depreciation(1,774)(1,114)
Property and equipment, net$4,785 $2,339 
Depreciation expense for the three and six months ended June 30, 2026 was $0.3 million and $0.7 million, respectively, and was $0.1 million and $0.3 million for the three and six months ended June 30, 2025, respectively. Depreciation expense was allocated as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Research and development$324 $118 $626 $224 
General and administrative17 17 34 34 
Depreciation expense$341 $135 $660 $258 
There were no gains or losses on dispositions of property and equipment for the three and six months ended June 30, 2026. The Company recognized a loss of $3.9 thousand for the disposition of property and equipment for the three and six months ended June 30, 2025. Additionally, there were no impairment losses recognized during each of the three and six months ended June 30, 2026 and 2025.