| Schedule of property and equipment, net |
As of September 30, 2026 and December 31, 2025, property and equipment, net, consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
| |
|
September 30, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
Laptops and IT equipment |
|
$ |
220 |
|
|
$ |
217 |
|
Lab equipment |
|
|
961 |
|
|
|
712 |
|
Furniture and fixtures |
|
|
45 |
|
|
|
45 |
|
Leasehold improvements |
|
|
261 |
|
|
|
208 |
|
Construction in progress |
|
|
100 |
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, gross |
|
|
1,587 |
|
|
|
1,185 |
|
Less: accumulated depreciation |
|
|
(566 |
) |
|
|
(350 |
) |
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
1,021 |
|
|
$ |
835 |
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2025 and 2024, property and equipment, net, was as follows:
|
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
Laptops and IT equipment |
|
$ |
216,535 |
|
|
$ |
82,437 |
|
Lab equipment |
|
|
711,930 |
|
|
|
618,314 |
|
Furniture and fixtures |
|
|
45,370 |
|
|
|
42,375 |
|
Leasehold improvements |
|
|
208,031 |
|
|
|
192,568 |
|
Construction in progress |
|
|
3,058 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Property and equipment, gross |
|
|
1,184,924 |
|
|
|
935,694 |
|
Less: accumulated depreciation |
|
|
(350,141 |
) |
|
|
(132,587 |
) |
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
834,783 |
|
|
$ |
803,107 |
|
|
|
|
|
|
|
|
|
|
|