v3.26.1
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

5.            PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:

  ​ ​ ​

June 30, 

  ​ ​ ​

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Furniture and fixtures

$

189,821

$

189,821

Laboratory equipment

 

8,546,586

 

8,056,063

IT equipment

1,056,306

318,858

Manufacturing equipment

8,609,502

675,741

Leasehold improvements

 

3,713,847

 

2,785,395

Construction in progress

20,377,688

11,436,953

 

42,493,750

 

23,462,831

Less accumulated depreciation

 

(6,147,415)

 

(5,150,593)

Property and equipment, net

$

36,346,335

$

18,312,238

Depreciation was $561,845 and $486,278 for the three months ended June 30, 2026 and 2025, respectively, and $1,096,515 and $891,728 for the six months ended June 30, 2026 and 2025. No impairment related to long-lived assets was recorded for the three and six months ended June 30, 2026 and 2025.