| PROPERTY AND EQUIPMENT, NET |
PROPERTY AND EQUIPMENT, NET Property and equipment consist of the following: | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | Building | $ | 2,860 | | | $ | 2,860 | | Machinery and equipment | 21,050 | | | 16,238 | | Furniture and fixtures | 1,453 | | | 1,145 | | Leasehold improvements | 28,257 | | | 26,919 | | | $ | 53,620 | | | $ | 47,162 | | Accumulated depreciation | (30,941) | | | (27,219) | | Construction-in-process | — | | | 6,394 | | Total property and equipment, net | $ | 22,679 | | | $ | 26,337 | |
Depreciation expense for the year ended December 31, 2025 and 2024, was $4,004 and $4,111, respectively, of which $895 and $1,135, respectively, was recorded in Selling, general, and administrative expense in the consolidated statements of operations. For the year ended December 31, 2025 and 2024, depreciation expense of $3,109 and $2,976, respectively, was recorded in Cost of goods sold in the consolidated statements of operations.
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