Property and Equipment, Net

6 Months Ended

Jun. 30, 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)	June 30, 2023		December 31, 2022
Production tooling	4	$	13,843	$	10,851
Lab equipment	4	9,819		6,382
Office equipment	3 - 7	5,485		4,736
Leasehold improvements	*	1,682		1,216
Construction in progress		3,124		1,763
Property and equipment, gross		33,953		24,948
Less: Accumulated depreciation		11,563		9,119
Property and equipment, net		$	22,390	$	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 $1,548 and $798 for the three months ended June 30, 2023 and 2022, respectively. The Company recognized depreciation expense of $2,503 and $1,558 for the six months ended June 30, 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.