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Property and Equipment, Net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

Property and equipment are stated at cost or estimated fair value for assets acquired through business combinations. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term, including options that are deemed to be reasonably assured, or the estimated useful life of the improvement.

Property and equipment, net, consisted of the following:

 

 

 

Estimated

 

March 31,

 

 

December 31,

 

 

 

Useful Life

 

2023

 

 

2022

 

Lab and test equipment

 

7 years

 

$

22,992

 

 

$

21,171

 

Vehicles

 

5 years

 

 

5,841

 

 

 

5,732

 

Equipment

 

3-7 years

 

 

42,819

 

 

 

40,940

 

Furniture and fixtures

 

7 years

 

 

2,853

 

 

 

2,841

 

Leasehold improvements

 

7 years

 

 

8,837

 

 

 

8,576

 

Aircraft

 

10 years

 

 

 

 

 

931

 

Building

 

39 years

 

 

6,112

 

 

 

2,975

 

 

 

 

 

89,454

 

 

 

83,166

 

Land

 

 

 

 

725

 

 

 

725

 

Construction in progress

 

 

 

 

3,092

 

 

 

3,150

 

Less accumulated depreciation

 

 

 

 

(52,586

)

 

 

(50,996

)

   Total property and equipment—
   net

 

 

 

$

40,685

 

 

$

36,045

 

Total depreciation expense included in the unaudited condensed consolidated statements of operations was $2.2 million and $1.8 million for the three months ended March 31, 2023 and March 31, 2022, respectively.