Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

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

Note 6 - Property & Equipment, Net

 

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

 

    March 31,     December 31,  
    2023     2022  
             
Equipment   $ 2,533     $ 1,457  
Leasehold improvements     362       362  
Vehicles     159      
-
  
Computers     55       52  
Other     9      
-
  
Total     3,118       1,871  
Less accumulated depreciation and amortization     (590 )     (462 )
Property and equipment, net   $ 2,528     $ 1,409  

 

During the three months ended March 31, 2023, the Company recorded $0.5 million of equipment and $0.2 million of vehicles in connection with its acquisition of Amerigen 7 (See Note 4).

 

Depreciation expense for the three months ended March 31, 2023 and 2022 was $128,000 and $54,000, respectively.