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Property and Equipment
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment as of December 31, 2021 and 2020 consist of the following:

 

 

 

 

 

December 31,

 

 

 

Estimated Life
(in years)

 

2021

 

 

2020

 

Surgical instrumentation

 

3 - 5

 

$

38,820

 

 

$

27,702

 

Leasehold improvements

 

Various

 

 

7,850

 

 

 

7,850

 

Computer and software

 

5

 

 

4,791

 

 

 

4,356

 

Machinery and equipment

 

5

 

 

2,396

 

 

 

2,129

 

Office equipment and furniture

 

5 - 7

 

 

2,040

 

 

 

1,880

 

Construction in progress

 

Various

 

 

3,551

 

 

 

 

 

 

 

 

 

59,448

 

 

 

43,917

 

Less: accumulated depreciation

 

 

 

 

27,267

 

 

 

21,554

 

Property and equipment, net

 

 

 

$

32,181

 

 

$

22,363

 

 

Depreciation expense is included in Selling, general, and administrative expenses in the Consolidated Statements of Operations and Comprehensive (Loss) Income and was $7,615, $6,232 and $4,129 for the years ended December 31, 2021, 2020 and 2019 respectively.