Property, Equipment and Software, Net

12 Months Ended

Dec. 31, 2022

Property, Equipment and Software, Net

Property, Equipment and Software, Net

Note 7 – Property, Equipment and Software, Net

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

	December 31,		December 31,
(in thousands)	2022		2021
Charging station installation costs	$	121,820	$	63,932
Construction in process		104,395		39,116
Charging station equipment		79,031		42,799
Charging equipment		20,596		8,611
Land and building		15,932		—
Software		14,289		5,295
Office equipment, vehicles and other		1,647		846
		357,710		160,599
Less accumulated depreciation and amortization		(49,598)		(27,317)
Total property, equipment and software, net	$	308,112	$	133,282

Depreciation and amortization expense consisted of the following for the years ended December 31, 2022 and 2021:

	Years Ended
	December 31,
(in thousands)	2022		2021
Cost of sales
Depreciation of property and equipment	$	24,468	$	15,956
Amortization of capital-build liability		(5,689)		(3,970)
General and administrative expenses
Depreciation of property and equipment		324		136
Amortization of software		3,285		148
	$	22,388	$	12,270

For the years ended December 31, 2022 and 2021, impairment expense of $6.8 million and $0.9 million, respectively, was recognized for projects in construction that were abandoned. For the years ended December 31, 2022 and 2021, $1.2 million and $0.4 million, respectively, was also recognized for losses on disposals of property and equipment, net of insurance recoveries. For the year ended December 31, 2022, $0.3 million was recognized in write-offs of asset retirement costs and there were no write-offs of asset retirement costs during the year ended December 31, 2021. These losses were included in general and administrative expenses in the consolidated statements of operations.