Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.23.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 5. Property and Equipment, net

Property and equipment consist of the following:

 

(in thousands)

 

March 31,
2023

 

 

December 31,
2022

 

Machinery and equipment

 

$

10,405

 

 

$

9,954

 

Leasehold improvements

 

 

11,641

 

 

 

2,432

 

Computer equipment

 

 

3,660

 

 

 

3,532

 

Furniture and fixtures

 

 

472

 

 

 

429

 

Computer software

 

 

232

 

 

 

231

 

Construction in process

 

 

776

 

 

 

9,026

 

Property and equipment, gross

 

 

27,186

 

 

 

25,604

 

Less: Accumulated depreciation

 

 

(8,064

)

 

 

(7,306

)

Property and equipment, net

 

$

19,122

 

 

$

18,298

 

 

Depreciation expense for property and equipment was $0.8 million and $0.5 million for the three months ended March 31, 2023 and 2022, respectively.