Property And Equipment—net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property And Equipment—net

8. Property and Equipment - net

The following summarizes property and equipment - net as of:

	September 30,		December 31,
	2022		2021
	(in thousands)
Satellites	$	116,217	$	93,709
Software	6,407		—
Software development in process	2,620		—
Computer equipment	2,002		1,372
Office furniture and fixtures	808		744
Other equipment	690		682
Site equipment	2,471		1,393
Ground station equipment	111		111
Total	131,326		98,011
Less: accumulated depreciation	(53,169)		(27,460)
Property and equipment — net	$	78,157	$	70,551

Depreciation of property and equipment from continuing operations was $9.5 million and $3.2 million, for the three months ended September 30, 2022 and 2021, respectively, and $25.7 million and $8.8 million for the nine months ended September 30, 2022 and 2021, respectively.

The Company disposed of property and equipment, which consisted of site equipment, furniture and ground station equipment of $36 thousand and $0.8 million, during the nine months ended September 30, 2022 and 2021, respectively, for a loss of $0 for the three and nine months ended September 30, 2022 and $0 and $24 thousand for the three and nine months ended September 30, 2021, respectively.