Property and Equipment, net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

The following table summarizes the Company’s property and equipment (in thousands):

	September 30, 2023		December 31, 2022
Furniture and office equipment	$	1,627	$	1,756
Vehicle	731		1,028
Leasehold improvements	3,312		3,783
Shop equipment	4,457		3,129
Total property and equipment	10,127		9,696
Less: accumulated depreciation	(3,165)		(1,851)
	6,962		7,845
Construction in progress	4,166		—
Property and equipment, net	$	11,128	$	7,845

The Company recorded depreciation expense of $0.5 million and $0.5 million, which have been included in "Cost of revenue from sales of products" and "Depreciation and amortization" in the consolidated statements of operations, for the three months ended September 30, 2023 and 2022, respectively and $1.8 million and $1.1 million for the nine months ended September 30, 2023 and 2022, respectively.