v3.25.0.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 6. Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Research equipment

 

$

16,864

 

 

$

16,046

 

Computers and software

 

 

1,131

 

 

 

1,275

 

Office equipment and furniture

 

 

703

 

 

 

958

 

Leasehold improvements

 

 

2,644

 

 

 

2,655

 

Construction in progress

 

 

—

 

 

 

233

 

Total

 

$

21,342

 

 

$

21,167

 

Less accumulated depreciation and amortization

 

 

(11,811

)

 

 

(8,740

)

Property and equipment, net

 

$

9,531

 

 

$

12,427

 

 

Depreciation and amortization expense was $3.5 million, $3.0 million and $1.5 million for the years ended December 31, 2024, 2023 and 2022, respectively. Construction in progress is primarily comprised of research equipment not yet placed in service.