As of December 31, 2025 and 2024, the Company’s property and equipment consisted of the following (table in thousands):
December 31,
2025
December 31,
2024
Machinery and Equipment$11,340 $11,973 
Information Technology & Office Equipment1,717 1,845 
Leasehold Improvements1,567 1,562 
Laboratory Equipment726 807 
Total Property and Equipment15,350 16,187 
Accumulated Depreciation and Amortization(10,721)(10,402)
Property and Equipment, net$4,629 $5,785 

Historical Timeline

Fiscal YearFiled
2025Mar 26, 2026Showing above
2024Mar 20, 2025
2023Mar 21, 2024
2022Mar 30, 2023
2021Apr 8, 2022
2020Mar 31, 2021
2019Mar 17, 2020
2018Mar 18, 2019
2017Mar 15, 2018
2016Mar 15, 2017
2015Feb 29, 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.