BALANCE SHEET COMPONENTS

12 Months Ended

Dec. 31, 2024

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS

3. BALANCE SHEET COMPONENTS

Property And Equipment

Property and equipment consisted of the following (in thousands):

	December 31,
	2024		2023
Computer equipment	$	10,799	$	12,515
Software and capitalized software development cost		5,617		5,596
Furniture, fixtures, and equipment		2,529		2,501
Leasehold improvements		6,691		6,475
Laboratory and other equipment		5,734		4,891
Test equipment		22,680		25,044
Property and equipment in progress:
DFI system assets		34,935		22,864
CV system and other assets		6,431		6,977
Total property and equipment		95,416		86,863
Less: Accumulated depreciation and amortization		(46,951)		(49,525)
Total property and equipment, net	$	48,465	$	37,338

Test equipment mainly includes DFI systems and CV systems assets at customer sites that are contributing to revenue. Property and equipment in progress represent the development or construction of property and equipment that have not yet been placed in service for the Company’s intended use and are not depreciated.

Depreciation and amortization expense for the years ended December 31, 2024, 2023 and 2022 was $3.6 million, $5.0 million and $5.5 million, respectively.

Accrued and other current liabilities

Accrued and other current liabilities consisted of the following (in thousands):

	December 31,
	2024		2023
Accrued expenses	$	7,156	$	3,579
Accrued taxes		955		686
Other		641		368
Total accrued and other current liabilities	$	8,752	$	4,633