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

9. Property and Equipment, Net

 

Property and equipment consist of the following ($ in thousands):

 

   Useful Life   June 30,   December 31, 
   (Years)   2026   2025 
Machinery and equipment  3 - 10   $2,186   $2,161 
Office furniture and equipment  3 - 10    245    197 
Leasehold improvements  6    419    419 
Construction in progress  N/A    558    547 
Property and equipment, gross        3,408    3,324 
Less: accumulated depreciation and amortization       (1,499)   (1,369)
Property and equipment, net      $1,909   $1,955 

 

Depreciation expense for the six months ended June 30, 2026 and 2025 was $130 thousand and $82 thousand, respectively.