Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

v3.26.1
PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following (in thousands):

    March 31,
2026		     December 31,
2025		  
    (in thousands)  
Property and equipment, net:            
Land   $ 8,011     $ 8,011  
Land improvements     305       305  
Buildings     25,286       25,096  
Office furniture and equipment     2,230       2,014  
Laboratory equipment     15,436       14,849  
Leasehold improvements     203       203  
Property and equipment gross     51,471       50,478  
Less: Accumulated depreciation and amortization     (6,577 )     (6,022 )
Property and equipment, net   $ 44,894     $ 44,456