Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment, Net

v3.26.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

11. Property and Equipment, Net

 

Property and equipment consist of the following ($ in thousands):

   

    Useful Life   December 31,     December 31,  
    (Years)   2025     2024  
Machinery and equipment   3 - 10   $ 2,161     $ 2,118  
Office furniture and equipment   3 - 10     197       187  
Leasehold improvements   6     419       419  
Construction in progress   N/A     547       532  
Property and equipment, gross          3,324       3,256  
Less: accumulated depreciation and amortization         (1,369 )     (1,045 )
Property and equipment, net       $ 1,955     $ 2,211  

 

Depreciation expense for the years ended December 31, 2025 and 2024 was $324 thousand and $319 thousand, respectively.