The following is a summary of the components of property and equipment (in thousands):

 

   2025   2024 
   As of December 31, 
   2025   2024 
Manufacturing and lab equipment  $1,783   $2,220 
Leasehold improvements   989    968 
Software and computer equipment   674    664 
Furniture and equipment   82    118 
 Property and equipment, gross   3,528    3,970 
Less: accumulated depreciation   (3,052)   (3,048)
Property and equipment, net  $476   $922 

Historical Timeline

Fiscal YearFiled
2025Mar 20, 2026Showing above
2024Mar 19, 2025
2023Mar 27, 2024
2022Mar 29, 2023
2021Mar 25, 2022
2020Mar 22, 2021
2019Mar 26, 2020
2018Mar 11, 2019
2017Mar 29, 2018
2016Sep 20, 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.