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

NOTE 6 – PROPERTY AND EQUIPMENT, NET

 

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

 

   June 30, 2026   December 31, 2025 
         
Laboratory equipment  $11,025   $10,061 
Furniture, software and office equipment   2,159    1,962 
Leasehold improvements   15,482    15,116 
Construction-in-progress   59    — 
Total property and equipment, cost   28,725    27,139 
Less: accumulated depreciation   (18,573)   (17,218)
Total property and equipment, net  $10,152   $9,921 

 

Depreciation and amortization on property and equipment was $0.7 million and $0.6 million for the three months ended June 30, 2026 and 2025, respectively and $1.4 million and $1.1 million for the six months ended June 30, 2026 and 2025, respectively. The Company capitalized into inventory $0.2 million and $0.1 million relating to depreciation associated with manufacturing equipment and production facilities for the three months ended June 30, 2026 and 2025, respectively and $0.3 million and $0.1 million for the six months ended June 30, 2026 and 2025, respectively. The capitalized costs are added to inventory and are expensed through cost of sales in the condensed consolidated statement of operations and comprehensive (loss) income upon the commercial sale of ZEVASKYN.