v3.25.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Property, Plant and Equipment The following table summarizes the estimated useful lives used to depreciate property, plant, and equipment and assets:
Asset ClassificationUseful Life
Furniture and Equipment
4 – 7
La Porte Demonstration Facility7
Office Trailers
6
The following table summarizes the key classifications of property, plant, and equipment included in the consolidated balance sheets:
December 31,December 31,
$ in thousands20252024
La Porte Demonstration Facility$13,484 $122,845 
Furniture and equipment132 1,069 
Assets acquired under finance lease45 349 
Construction-in-progress20,062 48,438 
Total property, plant, and equipment, gross33,723 172,701 
Accumulated depreciation and amortization (1)
(965)(21,231)
Total property, plant, and equipment, net$32,758 $151,470 
___________
(1) As of December 31, 2025 and December 31, 2024, $3 thousand and $18 thousand, respectively, of accumulated depreciation and amortization is related to amortization of the finance lease right-of-use assets.
The following table presents the Company’s depreciation and amortization expense for the following periods:
Year Ended December 31,
$ in thousands20252024
Depreciation and amortization expense
$13,468 $14,085