v3.26.3
Property and equipment, net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and equipment, net

7. Property and equipment, net

Property and equipment consisted of the following:

(in thousands)

 

September 30, 2026

 

 

December 31, 2025

 

Leasehold improvements

 

$

1,017

 

 

$

696

 

Plant and field equipment

 

 

2,598

 

 

 

2,600

 

Information technology equipment

 

 

1,042

 

 

 

876

 

Tooling

 

 

2,800

 

 

 

2,347

 

Capitalized software

 

 

1,332

 

 

 

1,301

 

Total

 

 

8,789

 

 

 

7,820

 

Accumulated depreciation

 

 

(5,239

)

 

 

(4,027

)

Property and equipment, net

 

$

3,550

 

 

$

3,793

 

Depreciation expense for the three and nine months ended September 30, 2026, totaled $0.4 million and $1.2 million, respectively. Depreciation expense for the three and nine months ended September 30, 2025, totaled $0.3 million and $0.9 million, respectively.