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

4. Property and Equipment, Net

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

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Machinery and equipment

 

$

14,154

 

 

$

14,538

 

Leasehold improvements

 

 

18,467

 

 

 

18,467

 

Furniture and fixtures

 

 

1,067

 

 

 

1,086

 

Office equipment

 

 

301

 

 

 

324

 

Computer equipment and software

 

 

1,739

 

 

 

1,685

 

Transportation equipment

 

 

46

 

 

 

46

 

Construction in progress

 

 

49

 

 

 

 

Total property and equipment

 

 

35,823

 

 

 

36,146

 

Less: Accumulated depreciation and amortization

 

 

(23,444

)

 

 

(21,279

)

Property and equipment, net

 

$

12,379

 

 

$

14,867

 

 

All property and equipment are maintained in the United States. Depreciation expense was $1.3 million for each of the three months ended June 30, 2026 and 2025, and $2.5 million and $2.6 million for the six months ended June 30, 2026 and 2025, respectively.