Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following (in thousands, except useful lives):


	Estimated Useful Lives (Years)	September 30, 2024		December 31, 2023
Land	N/A	$	1,647	$	1,634
Buildings and land improvements	15-39	9,504		9,344
Manufacturing equipment	7	28,099		22,962
Furniture, fixtures and equipment	5-7	4,900		4,770
Vehicles	5	625		688
Hardware	3-5	3,879		3,114
Construction in progress	N/A	2,941		6,199
Total		51,595		48,711
Less: accumulated depreciation		(23,966)		(20,818)
Property, plant and equipment, net		$	27,629	$	27,893

Depreciation expense was $1.3 million and $0.7 million for the three months ended September 30, 2024 and 2023, respectively, of which $0.7 million and $0.4 million, respectively, was included in cost of product and service revenue and $0.6 million and $0.3 million, respectively, was included in depreciation and amortization on the accompanying condensed consolidated statements of operations.

Depreciation expense was $3.3 million and $1.9 million for the nine months ended September 30, 2024 and 2023, respectively, of which $1.6 million and $1.0 million, respectively, was included in cost of product and service revenue and $1.7 million and $0.9 million, respectively, was included in depreciation and amortization on the accompanying condensed consolidated statements of operations.