December 31,

 
  

2025

  

2024

 

Laboratory equipment

 $504  $473 

Computer equipment and software

  2,799   2,542 

Furniture

  612   612 

Leasehold improvements

  626   626 

Manufacturing equipment

  683   683 
   5,224   4,936 

Less: accumulated depreciation and amortization

  (4,587)  (4,281)

Property and equipment, net

 $637  $655 
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Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Mar 10, 2025
2023Mar 14, 2024
2022Mar 24, 2023
2021Mar 21, 2022
2020Mar 18, 2021
2019Mar 2, 2020
2018Feb 28, 2019

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.