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Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table provides a summary of the major components of property and equipment as reflected on the consolidated balance sheets (in thousands):
As of December 31,
20252024
Furniture and fixtures$455 $433 
Machinery and equipment3,361 3,192 
Leasehold improvements16,089 16,089 
Total property and equipment19,905 19,714 
Less: accumulated depreciation(5,513)(3,160)
Total property and equipment, net$14,392 $16,554 
Depreciation expense was $2.4 million and $1.9 million during the years ended December 31, 2025 and 2024, respectively.