Property and Equipment

9 Months Ended

Sep. 30, 2025

Property Plant And Equipment [Abstract]

5. Property and Equipment

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


	Estimated Useful Life (Years)		September 30, 2025			December 31, 2024
Land		—	$	875		$	875
Buildings	39-40			17,389			17,389
Building improvements	5-40			90,813			90,813
Machinery and equipment	3-15			68,075			64,879
Furniture, fixtures and office equipment	5-10			3,122			3,122
Computer equipment and software		3		8,814			8,814
Construction in progress		—		6,292			6,149
				195,380			192,041
Less accumulated depreciation				(112,728	)		(106,676	)
Total property and equipment, net			$	82,652		$	85,365

Depreciation expense related to property and equipment was as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Depreciation expense	$	2,012	$	2,099	$	6,108	$	5,151

During the nine months ended September 30, 2025, the Company retired $0.1 million of manufacturing equipment, as it was no longer in service. During the three and nine months ended September 30, 2024, the Company retired $0.1 million of manufacturing equipment as it was no longer in service. The net book value for the disposed assets was de minimis. There were no asset retirements during the three months ended September 30, 2025.