XML 26 R13.htm IDEA: XBRL DOCUMENT v3.25.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the components of the Company’s property and equipment, net ($ in thousands):
June 30, 2025December 31, 2024
Office equipment1,237 1,230 
Electronic equipment9,279 9,211 
Vehicle196 196 
Laboratory equipment20,444 20,516 
Manufacturing equipment17,573 17,493 
Leasehold improvements14,560 11,306 
Building24,150 — 
Construction in progress1,242 25,129 
88,681 85,081 
Less: accumulated depreciation(38,521)(37,120)
Property and equipment, net50,160 47,961 
Depreciation expense was $2.3 million and $4.3 million in the three and six months ended June 30, 2025, respectively, and $2.2 million and $4.4 million in the three and six months ended June 30, 2024, respectively.