v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment
8.
PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

 

 

 

Useful Lives

 

June 30,

 

 

December 31,

 

(in thousands, except useful lives)

 

(Years)

 

2026

 

 

2025

 

Equipment

 

5 - 15

 

$

17,104

 

 

$

15,852

 

Leasehold improvements

 

5 - 7

 

 

2,841

 

 

 

2,841

 

Trailers

 

5

 

 

103

 

 

 

103

 

Furniture and fixtures

 

5 - 7

 

 

784

 

 

 

521

 

Computers and software

 

5

 

 

13,419

 

 

 

13,128

 

Construction in progress

 

 

 

 

9,766

 

 

 

2,381

 

 

 

 

 

44,017

 

 

 

34,826

 

Less accumulated depreciation

 

 

 

 

(9,882

)

 

 

(7,281

)

Total property and equipment, net

 

 

 

$

34,135

 

 

$

27,545

 

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $1.3 million and $0.8 million, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $2.6 million and $1.9 million, respectively.