The Company’s property and equipment consisted of the following:

 

 

December 31, 2025

 

December 31, 2024

 

Laboratory equipment

$

32,138

 

$

32,205

 

Machinery and equipment

 

12,133

 

 

12,857

 

Computer equipment

 

1,015

 

 

1,015

 

Furniture and fixtures

 

2,777

 

 

2,777

 

Leasehold improvements

 

7,327

 

 

7,282

 

Internal use software

 

1,903

 

 

1,903

 

 

 

57,293

 

 

58,039

 

Less: accumulated depreciation and amortization

 

(29,123

)

 

(21,253

)

Total property and equipment, net

$

28,170

 

$

36,786

 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 27, 2025
2023Feb 27, 2024
2022Feb 28, 2023
2021Feb 28, 2022
2020Mar 1, 2021
2019Mar 6, 2020
2018Mar 8, 2019
2017Mar 7, 2018
2016Mar 16, 2017
2015Mar 23, 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.