| PROPERTY AND EQUIPMENT, NET |
NOTE 7. PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following (in thousands): | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | Leasehold improvements | | $ | 128,894 | | $ | 90,385 | Lab, process, and validation equipment | | | 31,994 | | | 31,499 | Utility equipment | | | 7,289 | | | 7,306 | Office furniture and equipment | | | 2,610 | | | 2,573 | Computer software | | | 8,512 | | | 8,512 | Computer equipment | | | 2,384 | | | 2,144 | Machinery and equipment | | | 613 | | | 1,814 | Construction in progress | | | 5,556 | | | 35,649 | Total property and equipment, cost | | $ | 187,852 | | $ | 179,882 | Less: Accumulated depreciation and amortization | | | (56,388) | | | (48,770) | Property and equipment, net | | $ | 131,464 | | $ | 131,112 |
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