v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
5.
PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2026

 

 

2025

 

Trocars

 

$

4,644

 

 

$

4,644

 

Leasehold improvements

 

 

8,311

 

 

 

8,311

 

Office equipment

 

 

355

 

 

 

355

 

Compounding equipment

 

 

3,807

 

 

 

1,685

 

Computer software

 

 

573

 

 

 

140

 

Furniture and fixtures

 

 

481

 

 

 

481

 

Computer equipment

 

 

657

 

 

 

571

 

Construction in process

 

 

2,484

 

 

 

2,206

 

Property and equipment

 

 

21,312

 

 

 

18,393

 

Less: Accumulated depreciation

 

 

(8,465

)

 

 

(7,640

)

Property and equipment, net

 

$

12,847

 

 

$

10,753

 

 

Depreciation expense for property and equipment recorded in the unaudited condensed consolidated statements of operations and comprehensive income (loss) was as follows:

(in thousands)

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Primary Location

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of products

 

$

216

 

 

$

61

 

 

$

420

 

 

$

72

 

Selling, general and administrative expense

 

 

195

 

 

 

209

 

 

 

405

 

 

 

412

 

Total

 

$

411

 

 

$

270

 

 

$

825

 

 

$

484

 

The Company has not acquired any property and equipment under finance leases.

The Company’s property and equipment are all held within the United States.