Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

Note 5. Property and Equipment

Property and equipment at December 31, 2021 and 2020 consists of the following (amounts in thousands):

	2021		2020
Land and improvements	$	8,724	$	8,724
Building		11,325		11,325
Equipment		41,842		35,637
Towers		1,257		1,257
		63,148		56,943
Less: accumulated depreciation		(33,089)		(28,726)
		30,059		28,217
Equipment installations in progress		1,495		3,581
Total property and equipment, net	$	31,554	$	31,798

Depreciation expense was $4.4 million and $4.7 million for the years ended December 31, 2021 and 2020, respectively.

For the years ended December 31, 2021 and 2020, we purchased equipment required as a result of the FCC spectrum repack of $2.1 million and $0.9 million, respectively, for which we received proceeds of $2.6 million and $1.2 million, respectively.