v3.26.1
BALANCE SHEET COMPONENTS
6 Months Ended
Jun. 30, 2026
Statement of Financial Position [Abstract]  
BALANCE SHEET COMPONENTS

NOTE 4 – BALANCE SHEET COMPONENTS

PROPERTY AND EQUIPMENT, NET

The following table presents the components of property and equipment, net as of six months ended June 30, 2026 and the year ended December 31, 2025 (in thousands):

 

 

June 30,
2026

 

 

December 31,
2025

 

 

 

 

 

 

 

 

Tools

 

$

1,233

 

 

$

523

 

Computer hardware and software

 

 

480

 

 

 

626

 

Property and equipment, gross

 

 

1,713

 

 

 

1,149

 

Less: accumulated depreciation

 

 

(129

)

 

 

(47

)

Property and equipment, net

 

$

1,584

 

 

$

1,102

 

 

Depreciation expense was $56,800 and $7,500 for the three months ended June 30, 2026 and June 30, 2025, respectively.

Depreciation expense was $81,200 and $15,000 for the six months ended June 30, 2026 and June 30, 2025, respectively.