Annual report pursuant to Section 13 and 15(d)

Property & Equipment, Net

v3.24.1
Property & Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property & Equipment, Net [Abstract]  
Property & Equipment, Net

Note 7 – Property & Equipment, Net

 

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

 

    December 31,     December 31,  
    2023     2022  
             
Equipment   $ 3,155     $ 1,457  
Computers     56       52  
Vehicles     395      
-
  
Furniture and Fixtures     3      
-
  
Construction-in-progress     77      
-
  
Leasehold improvements     362       362  
Total     4,048       1,871  
Less accumulated depreciation and amortization     (919 )     (462 )
Property and equipment, net   $ 3,129     $ 1,409  

 

During the year ended December 31, 2023, depreciation expense was approximately $0.5 million, and the Company recognized a $0.5 million loss on disposal of equipment. For the year ended December 31, 2022, depreciation expense was approximately $0.3 million and the Company recognized a $0.1 million loss on disposal of equipment.