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

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment, net consisted of the following (amounts in thousands):

  

   June 30, 2026   December 31, 2025 
Leasehold improvements  $841   $843 
Computers, hardware and software   137    142 
Machinery, tooling, and equipment   16,921    2,801 
Construction in progress   1,766    15,684 
Property and equipment, gross   19,665    19,470 
Less: accumulated depreciation and amortization   (2,071)   (1,717)
Property and equipment, net  $17,594   $17,753 

 

During the three months ended June 30, 2026, the Company placed production tooling and related equipment in service. As a result, $14.1 million was reclassified from construction in progress to machinery, tooling, and equipment. Depreciation of the production tooling is charged to research and development expense.