Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.23.3
Property & Equipment, Net
9 Months Ended
Sep. 30, 2023
Property & Equipment, Net [Abstract]  
Property & Equipment, Net

Note 5 – Property & Equipment, Net

 

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

 

    September 30,     December 31,  
    2023     2022  
             
Equipment   $ 2,204     $ 1,457  
Leasehold improvements     362       362  
Vehicles    
-
     
-
 
Computers     57       52  
Construction-in-progress     854      
-
 
Total     3,477       1,871  
Less: accumulated depreciation     (839 )     (462 )
Property and equipment, net   $ 2,638     $ 1,409  

 

Depreciation expense for the three months ended September 30, 2023 and 2022 was $0.1 million and $0.1 million, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was $0.3 million and $0.2 million, respectively.