Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment (Tables)

v3.25.1
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Property and equipment, net, as of December 31, 2024 and 2023 were as follows (in thousands):

 

 

 

 

December 31,

 

 

Useful Lives

 

2024

 

 

2023

 

Office furniture and IT equipment

 

3 - 5 years

 

$

1,393

 

 

$

1,393

 

Tenant improvements

 

*

 

 

78

 

 

 

—

 

Machinery and equipment

 

7 years

 

 

283

 

 

 

37

 

Construction in progress

 

 

 

 

10

 

 

 

—

 

 

 

 

 

1,764

 

 

 

1,430

 

Less: accumulated depreciation

 

 

 

 

(1,364

)

 

 

(1,051

)

Translation adjustment

 

 

 

 

(1

)

 

 

—

 

 

 

 

$

399

 

 

$

379

 

 

* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.