XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2024
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, 2024December 31, 2023
Production tooling4$18,438 $16,428 
Lab equipment413,545 12,887 
Office equipment
3 - 7
9,170 6,539 
Leasehold improvements*1,921 1,898 
Construction in progress8,041 3,867 
Property and equipment, gross51,115 41,619 
Less: Accumulated depreciation17,604 14,653 
Property and equipment, net$33,511 $26,966 
*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 $1,381 and $1,548 for the three months ended June 30, 2024 and 2023, respectively. The Company recognized depreciation expense of $2,866 and $2,503 for the six months ended June 30, 2024 and 2023, respectively.

Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that are not yet ready to be placed into service.