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Property, Machinery and Equipment
12 Months Ended
Dec. 31, 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)December 31,
2024
December 31,
2023
Computer equipment$10 $10 
Leasehold improvements2,391 2,394 
Machinery and equipment2,839 3,411 
Property, machinery and equipment, gross5,240 5,815 
Less: accumulated depreciation(3,058)(2,563)
Property, machinery and equipment, net$2,182 $3,252 

Depreciation expense related to property, machinery and equipment was $0.8 million and $0.8 million for the years ended December 31, 2024 and 2023, respectively. Depreciation expense is recorded within operating expenses.