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

4. Property, Equipment and Software

Property, equipment and software consisted of the following as of June 30, 2026, and December 31, 2025:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

(in thousands)

 

Probe cards and photomasks

 

$

12,766

 

 

$

12,512

 

Equipment

 

 

5,403

 

 

 

4,713

 

Software

 

 

373

 

 

 

352

 

Leasehold improvements

 

 

973

 

 

 

903

 

Furniture and fixtures

 

 

293

 

 

 

289

 

Total

 

 

19,808

 

 

 

18,769

 

Less: Accumulated depreciation and amortization

 

 

(15,480

)

 

 

(14,632

)

Property, equipment and software, net

 

$

4,328

 

 

$

4,137

 

Depreciation and amortization expense is allocated to cost of sales, selling, general and administrative and research and development costs in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss. Depreciation and amortization expense relating to the Company's property, equipment and software was approximately $0.4 million for both the three months ended June 30, 2026 and 2025 and approximately $0.8 million for both the six months ended June 30, 2026 and 2025.

During the six months ended June 30, 2025, the Company received mask sets in exchange for no consideration from a vendor in lieu of reimbursement. The mask sets were capitalized and a $1.6 million gain was recorded within cost of sales in accordance with ASC 845: Nonmonetary Transactions.