v3.26.3
Property, Plant and Equipment, Net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net are recorded at cost and consisted of the following:
As of
September 30,December 31, 
20262025
$$
Land71,434 71,434 
Building1,237,680 1,187,836 
Manufacturing equipment289,306 273,769 
Laboratory equipment346,146 309,471 
Leasehold improvement66,534 76,568 
Software, electronics and office equipment144,803 124,136 
Property, plant and equipment, at cost2,155,903 2,043,214 
Less: accumulated depreciation(645,903)(528,695)
Construction in progress137,231 127,159 
Property, plant and equipment, net1,647,231 1,641,678 
The Company has made a significant investment in its recently opened manufacturing and clinical R&D facility in Hopewell, New Jersey. As of September 30, 2026, the Company had construction in progress of $100,493 related to the Hopewell facility, the majority of which will be put into service in 2026.
Depreciation expense for the three and nine months ended September 30, 2026 and 2025 was as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
$$$$
Depreciation expense37,320 35,730 115,611 97,198