Quarterly report [Sections 13 or 15(d)]

BALANCE SHEET COMPONENTS

v3.26.1
BALANCE SHEET COMPONENTS
3 Months Ended
Mar. 31, 2026
Statement of Financial Position [Abstract]  
BALANCE SHEET COMPONENTS

NOTE 4 – BALANCE SHEET COMPONENTS

PROPERTY AND EQUIPMENT, NET

The following table presents the components of property and equipment, net as of three months ended March 31, 2026 and the year ended December 31, 2025 (in thousands):



 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Tools

 

$

1,233

 

 

$

523

 

Computer hardware and software

 

 

276

 

 

 

626

 

Property and equipment, gross

 

 

1,509

 

 

 

1,149

 

Less: accumulated depreciation

 

 

(71

)

 

 

(47

)

Property and equipment, net

 

$

1,438

 

 

$

1,102

 

 

Depreciation was $24,400 and $7,500 for the three months ended March 31, 2026 and March 31, 2025, respectively.