Property, Equipment and Software, Net

9 Months Ended

Sep. 30, 2022

Property, Equipment and Software, Net

Property, Equipment and Software, Net

Note 6 – Property, Equipment and Software, Net

Property, equipment and software, net, consisted of the following as of September 30, 2022 and December 31, 2021:

	September 30,		December 31,
(in thousands)	2022		2021
Construction in process	$	91,181	$	39,116
Charging equipment		13,988		8,611
Charging station equipment		67,258		42,799
Charging station installation costs		111,712		63,932
Land		10,489		—
Software		12,479		5,295
Office equipment, vehicles and other		1,462		846
		308,569		160,599
Less accumulated depreciation and amortization		(44,104)		(27,317)
Total property, equipment and software, net	$	264,465	$	133,282

Depreciation and amortization expense consisted of the following for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2022		2021		2022		2021
Cost of sales
Depreciation of property and equipment	$	6,508	$	4,048	$	16,493	$	10,829
Amortization of capital-build liability		(1,321)		(1,028)		(3,751)		(2,657)
General and administrative expenses
Depreciation of property and equipment		88		59		221		136
Amortization of software		1,011		—		2,132		—
	$	6,286	$	3,079	$	15,095	$	8,308

Losses on disposal of property and equipment, which are included in general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss), were $1.7 million and $4.6 million for the three and nine months ended September 30, 2022, respectively, and $0.3 million and $0.6 million for the three and nine months ended September 30, 2021, respectively.