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

Property, Plant and Equipment

v3.25.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
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,
2024		 December 31,
2023		 Estimated Useful Life
Leasehold improvements 1,241  374  Lesser of lease term or estimated useful life
Machinery 482  443 
3-7 years
Lab equipment 11,813  12,667 
3-7 years
Computer equipment and software 2,562  2,562 
3-5 years
Furniture and fixtures 383  383  5 years
16,481  16,429 
Less: accumulated depreciation (8,980) (6,099)
Total property, plant and equipment, net $ 7,501  $ 10,330 
Depreciation expense for Fiscal 2024 and 2023 were $4.2 million and $3.1 million, respectively.