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Property and Equipment, Net
6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 7. Property and Equipment, Net

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Construction in progress

 

$

20,804

 

 

$

3,466

 

Machinery and equipment

 

 

30,295

 

 

 

29,333

 

Website development costs

 

 

1,211

 

 

 

1,110

 

Furniture and fixtures

 

 

328

 

 

 

200

 

Leasehold improvements

 

 

2,256

 

 

 

1,702

 

Total, at cost

 

 

54,894

 

 

 

35,811

 

Accumulated depreciation and amortization

 

 

(8,112

)

 

 

(4,837

)

Property and equipment, net

 

$

46,782

 

 

$

30,974

 

 

Depreciation and amortization expense was $1.7 million and $3.3 million for the three and six months ended June 30, 2022, respectively, compared to $0.7 million and $0.9 million for the three and six months ended June 30, 2021, respectively. During the six months ended June 30, 2022, the Company deployed $0.7 million of assets into production from construction-in-progress, with the major portion of the remaining balance expected to be placed in service in the first half of 2023. Construction-in-progress is related to the setup of manufacturing infrastructure and the purchase of long lead time manufacturing equipment as the Company grows its manufacturing capacity and invests in semi-automation and automation. Construction-in-progress amounts recorded are not subject to depreciation as such assets are not yet available for their intended use.

The following table sets forth the Company’s long-lived assets, including right-of-use assets by geographic area:

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

United States

 

$

42,606

 

 

$

16,730

 

Dominican Republic

 

 

20,489

 

 

 

15,753

 

All other countries

 

 

2,413

 

 

 

1,205

 

Total long-lived assets

 

$

65,508

 

 

$

33,688

 

Substantially all of the Company's long-lived assets at locations outside of the United States, includes production related equipment located at certain vendor facilities.