Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Note 8. Property, Plant, and Equipment, Net

Property, plant, and equipment consisted of the following (in thousands):

	As of September 30, 2025			As of December 31, 2024
Machinery and equipment	$	30,012		$	29,765
Office furniture and equipment		892			922
Vehicles		333			340
Leasehold improvements		24,843			24,346
		56,080			55,373
Less—Accumulated depreciation		(16,078	)		(12,244	)
		40,002			43,129
Construction in progress		2,621			2,624
Total property, plant, and equipment, net	$	42,623		$	45,753

For the three and nine months ended September 30, 2025, depreciation expense was $1.3 million and $3.9 million, respectively, and for the three and nine months ended September 30, 2024, depreciation expense was $1.4 million and $4.1 million, respectively.