Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

7. Property and Equipment

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

	Estimated Useful Life (Years)		December 31, 2025			December 31, 2024
Land		—	$	875		$	875
Buildings	39-40			17,389			17,389
Building improvements	5-40			90,988			90,813
Machinery and equipment	3-15			68,785			64,879
Furniture, fixtures and office equipment	5-10			3,122			3,122
Computer equipment and software		3		8,780			8,814
Construction in progress		—		6,397			6,149
				196,336			192,041
Less accumulated depreciation				(113,913	)		(106,676	)
Total property and equipment, net			$	82,423		$	85,365

Depreciation expense related to property and equipment for the years ended December 31, 2025, 2024 and 2023 was $8.1 million, $7.3 million and $4.5 million, respectively. During the years ended December 31, 2025 and 2024, the Company retired $1.6 million and $2.2 million, respectively of manufacturing equipment, computer hardware and software, computer equipment, lab equipment, and building improvements, as it was no longer in service. The net book value for the disposed assets during the years ended December 31, 2025 and 2024 was $0.1 million and $0.1 million, respectively.