Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v3.24.3
Property, Plant, and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment

NOTE 6—PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment, net is comprised of the following (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Building

 

$

207

 

 

$

205

 

Leasehold improvements

 

 

1,251

 

 

 

1,251

 

Equipment and computers

 

 

12,806

 

 

 

14,628

 

Furniture and fixtures

 

 

519

 

 

 

519

 

Construction in progress

 

 

—

 

 

 

92

 

Total property, plant, and equipment before depreciation and land

 

 

14,783

 

 

 

16,695

 

Less: Accumulated depreciation

 

 

(11,287

)

 

 

(11,330

)

Total property, plant, and equipment, net before land

 

 

3,496

 

 

 

5,365

 

Land

 

 

162

 

 

 

160

 

Property, plant, and equipment, net

 

$

3,658

 

 

$

5,525

 

 

Depreciation expense related to property, plant, and equipment totaled $0.6 million and $2.0 million for the three and nine months ended September 30, 2024 and $0.6 million and $2.1 million for the three and nine months ended September 30, 2023.