Property and Equipment, Net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

4. Property and Equipment, Net

ROU operating and financing lease assets, net, machinery and equipment, net, and construction in progress were as follows:


	March 31, 2026			December 31, 2025
	(In thousands)
ROU operating and financing lease assets	$	5,623		$	5,623
Machinery, equipment and leasehold improvements		13,300			12,516
Accumulated depreciation and amortization		(10,483	)		(9,654	)
		8,440			8,485
Construction in progress		471			765
Total, net	$	8,911		$	9,250

As of March 31, 2026 and December 31, 2025, machinery, equipment and leasehold improvements accumulated depreciation and amortization was $7.3 million and $6.8 million, respectively. As of March 31, 2026 and December 31, 2025, ROU operating and financing lease assets accumulated amortization was $3.2 million and $2.8 million, respectively (see Note 6, “Operating and Financing Leases” for additional information). ROU financing lease assets, machinery, equipment and leasehold improvements total depreciation and amortization expense amounted to $631,000 and $484,000 for the three months ended March 31, 2026 and 2025, respectively.