v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table provides a summary of the major components of property and equipment as reflected on the condensed consolidated balance sheets (in thousands):
June 30, 2026December 31, 2025
Furniture and fixtures$455 $455 
Machinery and equipment3,469 3,361 
Leasehold improvements16,095 16,089 
Total property and equipment20,019 19,905 
Less: accumulated depreciation(6,672)(5,513)
Total property and equipment, net$13,347 $14,392 
Depreciation expense was $0.6 million and $0.6 million for the three months ended June 30, 2026 and June 30, 2025, respectively, and $1.2 million and $1.2 million for the six months ended June 30, 2026 and 2025, respectively.