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Property, Machinery and Equipment
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Machinery and Equipment
Note 4. Property, Machinery and Equipment
Property, machinery and equipment, net consisted of the following:
(in thousands)June 30,
2024
December 31,
2023
Computer equipment$10 $10 
Leasehold improvements2,394 2,394 
Machinery and equipment3,411 3,411 
Property, machinery and equipment, gross5,815 5,815 
Less: accumulated depreciation(2,978)(2,563)
Property, machinery and equipment, net$2,837 $3,252 
Depreciation expense related to property, machinery and equipment was $0.2 million and $0.4 million for the three and six months ended June 30, 2024, respectively and $0.2 million and $0.4 million for the three and six months ended June 30, 2023. Depreciation expense is recorded within operating expenses.