v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
As of June 30, 2026 and December 31, 2025, the Company’s property and equipment consisted of the following (table in thousands):
June 30,
2026		December 31,
2025
Machinery and Equipment$10,162 $11,340 
Information Technology & Office Equipment1,650 1,717 
Leasehold Improvements1,215 1,567 
Laboratory Equipment475 726 
Total Property and Equipment13,502 15,350 
Accumulated Depreciation(8,880)(10,721)
Property and Equipment, net$4,622 $4,629 
During the six months ended June 30, 2026, the Company disposed of certain property and equipment, resulting in the derecognition of $2.9 million of gross assets and $2.6 million of accumulated depreciation, proceeds of $0.2 million from asset sales, and a net loss on disposal of $0.1 million. Depreciation and amortization expense for the three months ended June 30, 2026 and 2025 was $0.4 million and $0.4 million, respectively. Depreciation and amortization expense for the six months ended June 30, 2026 and 2025 was $0.7 million and $0.8 million, respectively.