XML 29 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consists of the following:
December 31,
Useful life20242023
(in years)
Production tooling4$21,256 $16,428 
Lab equipment414,484 12,887 
Office equipment
3 - 7
10,162 6,539 
Leasehold improvements*1,921 1,898 
Construction in progress7,597 3,867 
Property and equipment, gross55,420 41,619 
Less: Accumulated depreciation21,139 14,653 
Property and equipment, net$34,281 $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 $6,533, $5,367, and $3,168 for the years ended December 31, 2024, 2023 and 2022, respectively. The Company recorded $116 of impairment charges related to certain property and equipment for the year ended December 31, 2024 as part of its restructuring initiative that commenced in August 2024.
Fixed assets not yet in service, or construction in progress, consist primarily of capitalized internal-use software and certain tooling and other equipment that are not yet ready to be placed into service.