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Fixed Assets
9 Months Ended
Sep. 30, 2021
Property Plant And Equipment [Abstract]  
Fixed Assets

Note 5. Fixed Assets

Major classes of fixed assets consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

Useful Lives

2021

 

 

2020

 

 

 

(in thousands)

 

Medical lab equipment

2 to 12 Years

$

33,956

 

 

$

20,849

 

Building

39 Years

 

6,731

 

 

 

6,731

 

Aircraft

7 Years

 

6,503

 

 

 

6,503

 

Computer hardware

1-5 Years

 

5,187

 

 

 

3,699

 

Leasehold improvements

Shorter of lease term or estimated useful life

 

3,987

 

 

 

1,580

 

Computer software

1 to 5 Years

 

1,501

 

 

 

541

 

Furniture and fixtures

2 to 10 Years

 

1,074

 

 

 

454

 

Automobile

2 to 7 Years

 

803

 

 

 

53

 

Building improvements

6 months to 5 Years

 

707

 

 

 

707

 

Land improvements

5 to 15 Years

 

403

 

 

 

403

 

General equipment

3 to 5 Years

 

44

 

 

 

44

 

Land

 

 

7,500

 

 

 

7,500

 

Assets not yet placed in service

 

 

8,912

 

 

 

2,055

 

Total

 

 

77,308

 

 

 

51,119

 

Less: Accumulated depreciation

 

 

(17,142

)

 

 

(10,920

)

Fixed assets, net

 

$

60,166

 

 

$

40,199

 

 

Depreciation expense on fixed assets totaled $2.5 million and $722,000 for the three months and $6.7 million and $1.8 million for the nine months ended September 30, 2021 and 2020, respectively.