Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.22.2.2
Property and Equipment, net
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 6. Property and Equipment, net

Property and equipment consist of the following:

 

(in thousands)

 

September 30,
2022

 

 

December 31,
2021

 

Machinery and equipment

 

$

8,880

 

 

$

6,091

 

Leasehold improvements

 

 

2,445

 

 

 

2,262

 

Computer equipment

 

 

3,069

 

 

 

1,764

 

Furniture and fixtures

 

 

415

 

 

 

367

 

Computer software

 

 

214

 

 

 

250

 

Construction in process

 

 

4,967

 

 

 

1,741

 

Property and equipment, gross

 

 

19,990

 

 

 

12,475

 

Less: Accumulated depreciation

 

 

(6,581

)

 

 

(6,126

)

Property and equipment, net

 

$

13,409

 

 

$

6,349

 

 

 

For the three and nine months ended September 30, 2022, depreciation expense for property and equipment was $0.7 million and $1.6 million, respectively, compared to $0.4 million and $1.3 million, respectively, for the three and nine months ended September 30, 2021.