Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

Property and equipment, net consists of the following:

	Useful life (in years)	March 31, 2023		December 31, 2022
Production tooling	4	$	12,888	$	10,851
Lab equipment	4	9,308		6,382
Office equipment	3 - 7	5,203		4,736
Leasehold improvements	*	1,463		1,216
Construction in progress		2,341		1,763
Property and equipment, gross		31,203		24,948
Less: Accumulated depreciation		10,091		9,119
Property and equipment, net		$	21,112	$	15,829

*Leasehold improvements are amortized over the shorter of the remaining lease term or estimated useful life of the leasehold improvement.

The Company recognized depreciation expense of $955 and $760 for the three months ended March 31, 2023 and 2022, respectively.

Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.