Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.24.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
The components of property, plant and equipment are as follows (in thousands):
December 31,
2023		 December 31,
2022		 Estimated Useful Life
Land $ 352  $ 352 
Leasehold improvements 374  —  Lesser of lease term or estimated useful life
Building improvements 1,746  1,729 
10-39 years
Machinery 6,103  5,048 
3-7 years
Lab equipment 12,667  5,788 
3-7 years
Computer equipment and software 2,744  2,350 
3-5 years
Furniture and fixtures 446  461  5 years
24,432  15,728 
Less: accumulated depreciation (11,534) (8,440)
Total property, plant and equipment, net $ 12,898  $ 7,288 
Depreciation expense for Fiscal 2023 and 2022 were $3.1 million and $2.3 million, respectively.