Markforged Holding Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Property and Equipment, net

Property and Equipment, net

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Note 4. Property and Equipment, net

Property and equipment consist of the following:


(in thousands)	June 30, 2021			December 31, 2020
Machinery and equipment	$	4,990		$	4,761
Leasehold improvements		2,190			2,190
Computer equipment		1,393			1,109
Furniture and fixtures		345			345
Computer software		246			246
Construction in process		562			36

Property and equipment, gross		9,726			8,687
Less: Accumulated depreciation		(5,246	)		(4,406	)

Property and equipment, net	$	4,480		$	4,281

For the three and six months ended June 30, 2021, depreciation expense for property and equipment was $0.4 million and $0.8 million, respectively, compared to $0.5 million and $0.9 million, respectively, for the three and six months ended June 30, 2020.

Note 4. Property and Equipment, net

Property and equipment consist of the following:


	December 31,
(in thousands)	2020			2019
Machinery and equipment	$	4,761		$	4,467
Leasehold improvements		2,190			2,146
Computer equipment		1,109			1,048
Furniture and fixtures		345			307
Computer software		246			52
Construction in process		36			146

Property and equipment, gross		8,687			8,166
Less: Accumulated depreciation		(4,406	)		(2,613	)

Property and equipment, net	$	4,281		$	5,553

Depreciation expense for property and equipment was $1.8 million and $1.4 million for the years ended December 31, 2020 and 2019, respectively. Disposal of property and equipment amounted to $0.1 million for the years ended December 31, 2020 and 2019.