Property and equipment consisted of the following:
Years Ended December 31,
20252024
Computers and office equipment$2,837 $3,437 
Laboratory equipment417 436 
Furniture and fixtures1,154 1,154 
Manufacturing equipment21,170 20,803 
Leasehold improvements1,231 1,231 
Construction-in-process1,746 802 
Total property and equipment28,555 27,863 
Less: accumulated depreciation(16,542)(13,534)
Property and equipment, net$12,013 $14,329 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 27, 2025
2023Feb 22, 2024
2022Feb 23, 2023
2021Feb 24, 2022
2020Feb 25, 2021
2019Feb 27, 2020
2018Feb 27, 2019
2017Mar 7, 2018
2016Mar 10, 2017
2015Mar 18, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.