v3.26.3
Property, Plant and Equipment
9 Months Ended
Sep. 30, 2026
Property, Plant and Equipment  
Property, Plant and Equipment

7. Property, Plant and Equipment

Property, plant and equipment consist of the following at September 30, 2026 and December 31, 2025 (in thousands):

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September 30, 

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December 31, 

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Estimated

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2026

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2025

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Useful Life

Leasehold improvements

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$

19,060

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$

19,079

 

Lesser of lease term or estimated useful life

Office furniture and equipment

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620

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604

 

3-5 years

Computer and manufacturing equipment and software

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5,575

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5,311

 

3-5 years

Land in the United Kingdom

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90

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91

 

NA

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25,345

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25,085

 

NA

Less: accumulated depreciation

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(9,276)

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(7,679)

 

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Total property, plant and equipment, net

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$

16,069

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$

17,406

 

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Depreciation expense was approximately $0.6 million and $0.4 million for the three months ended September 30, 2026, and 2025, respectively.

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Depreciation expense was approximately $1.7 million and $1.3 million for the nine months ended September 30, 2026, and 2025, respectively.