Property and Equipment

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

As of March 31, 2026 and December 31, 2025, the Company’s property and equipment consisted of the following (table in thousands):


	March 31, 2026		December 31, 2025
Machinery and Equipment	$	10,273	$	11,340
Information Technology & Office Equipment	1,686		1,717
Leasehold Improvements	1,378		1,567
Laboratory Equipment	725		726
Total Property and Equipment	14,062		15,350
Accumulated Depreciation and Amortization	(9,734)		(10,721)
Property and Equipment, net	$	4,328	$	4,629

During the three months ended March 31, 2026, the Company disposed of certain property and equipment, resulting in the derecognition of $1.7 million of gross assets and $1.4 million of accumulated depreciation, proceeds of $0.2 million from asset sales, and a net loss on disposal of $0.2 million. Depreciation and amortization expense for each of the three months ended March 31, 2026 and 2025 was $0.4 million.