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Selected Balance Sheet Components
 12 Months Ended
Dec. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Selected Balance Sheet Components Selected Balance Sheet Components
 
Inventory

Inventory consisted of the following:
 
December 31,
(In thousands)20252024
Raw materials$12,953 $12,827 
Work-in-process1,584 1,571 
Finished goods3,023 2,975 
Total inventory$17,560 $17,373 

Property and Equipment

Property and Equipment, net consisted of the following:
 
December 31,
(In thousands)20252024
Machinery and equipment$14,498 $12,161 
Furniture, fixtures and office equipment5,424 5,109 
Computer equipment and software18,953 12,318 
Leasehold improvements76,421 77,990 
Construction in process24,651 22,482 
Total property and equipment, gross139,947 130,060 
Less accumulated depreciation(31,550)(26,899)
Total property and equipment, net$108,397 $103,161 

Depreciation expense for the years ended December 31, 2025, 2024 and 2023 was $10.9 million, $4.9 million and $4.0 million, respectively.

Intangible Assets

Intangible assets, net consisted of the following:

December 31, 2025December 31, 2024
(In thousands)Useful Life (in years)Amortization MethodCostAccumulated AmortizationNetCostAccumulated AmortizationNet
NexoBrid license12Straight-line$7,500 $(1,875)$5,625 $7,500 $(1,250)$6,250 

Amortization expense for each of the years ended December 31, 2025, 2024 and 2023 was $0.6 million per year. The NexoBrid intangible asset is amortized to cost of product sales.
Future amortization expense of intangible assets as of December 31, 2025 is estimated to be as follows:

(In thousands)Amount
2026$625 
2027625 
2028625 
2029625 
2030625 
Thereafter2,500 
Total$5,625 


Accrued Expenses

Accrued Expenses consisted of the following:
 
December 31,
(In thousands)20252024
Bonus related compensation$11,253 $10,313 
Employee related accruals3,009 3,269 
Insurance reimbursement-related liabilities4,401 3,159 
Other accrued expenses573 324 
Total accrued expenses$19,236 $17,065