XML 20 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
4.
Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

Useful life
(in years)

 

June 30,
2025

 

 

December 31,
2024

 

Production tooling

 

4

 

$

23,714

 

 

$

21,256

 

Lab equipment

 

4

 

 

14,826

 

 

 

14,484

 

Office equipment

 

3 - 7

 

 

11,991

 

 

 

10,162

 

Leasehold improvements

 

*

 

 

2,212

 

 

 

1,921

 

Construction in progress

 

 

 

 

13,692

 

 

 

7,597

 

Property and equipment, gross

 

 

 

 

66,435

 

 

 

55,420

 

Less: Accumulated depreciation

 

 

 

 

25,807

 

 

 

21,139

 

Property and equipment, net

 

 

 

$

40,628

 

 

$

34,281

 

 

* Leasehold improvements are amortized over the shorter of the remaining lease term or estimated useful life of the leasehold improvement.

The Company recognized depreciation expense of $2,340 and $1,381 for the three months ended June 30, 2025 and 2024, respectively. The Company recognized depreciation expense of $4,309 and $2,866 for the six months ended June 30, 2025 and 2024, respectively.

Fixed assets not yet in service, or construction in progress, consist primarily of capitalized internal-use software and certain tooling and other equipment that are not yet ready to be placed into service.