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v3.26.1

Property, Equipment and Software | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2026 | Dec. 31, 2025
Property, Plant and Equipment [Abstract] |  |
Property, Equipment and Software | 5. Property, Equipment and Software Property, equipment and software consisted of the following as of March 31, 2026, and December 31, 2025 (in thousands ) :
|  | March 31, 2026 |  |  | December 31, 2025 |
Probe cards and photomasks |  | $ | 12,766 |  |  | $ | 12,512 |
Equipment |  |  | 5,050 |  |  |  | 4,713 |
Software |  |  | 353 |  |  |  | 352 |
Leasehold improvements |  |  | 913 |  |  |  | 903 |
Furniture and fixtures |  |  | 291 |  |  |  | 289 |
Total |  |  | 19,373 |  |  |  | 18,769 |
Less: Accumulated depreciation and amortization |  |  | (15,051 | ) |  |  | (14,632 | )
Property, equipment and software, net |  | $ | 4,322 |  |  | $ | 4,137 |
Depreciation expense relating to the Company’s property, equipment and software was approximately $0.4 million for each of the three months ended March 31, 2026 and 2025, and is allocated to cost of sales, selling, general and administrative, and research and development costs in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss. During the three months ended March 31, 2025, the Company received mask sets in exchange for no consideration from a vendor in lieu of reimbursement. The mask sets were capitalized and a $1.6 million gain was recorded within cost of sales in accordance with ASC 845: Nonmonetary Transactions . | 5. Property, Equipment and Software Property, equipment and software consisted of the following as of December 31, 2025 and 2024 (in thousands ) :
|  | 2025 |  |  | 2024 |
Probe cards and photomasks |  | $ | 12,512 |  |  | $ | 10,083 |
Equipment |  |  | 4,713 |  |  |  | 4,386 |
Software |  |  | 352 |  |  |  | 298 |
Leasehold improvements |  |  | 903 |  |  |  | 728 |
Furniture and fixtures |  |  | 289 |  |  |  | 279 |
Total |  |  | 18,769 |  |  |  | 15,774 |
Less: Accumulated depreciation and amortization |  |  | (14,632 | ) |  |  | (13,158 | )
Property, equipment and software, net |  | $ | 4,137 |  |  | $ | 2,616 |
Depreciation expense relating to the Company’s property, equipment and software was approximately $1.5 million and $1.6 million for the years ended December 31, 2025 and 2024, respectively, and is allocated to cost of sales, selling, general and administrative, and research and development costs in the accompanying consolidated statements of operations and comprehensive loss. During the years ended December 31, 2025 and 2024, the Company received mask sets in exchange for no consideration from a vendor in lieu of reimbursement. The mask sets were capitalized and a $1.6 million gain was recorded during each period within cost of sales in accordance with ASC 845: Nonmonetary Transactions .

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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