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Property and Equipment, Net
6 Months Ended
Jun. 30, 2021
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

 

June 30,

 

 

December 31,

 

 

 

Useful Life

 

2021

 

 

2020

 

Lab and test equipment

 

7 years

 

$

17,401

 

 

$

18,631

 

Vehicles

 

5 years

 

 

5,059

 

 

 

13,320

 

Equipment

 

3-7 years

 

 

33,315

 

 

 

32,177

 

Furniture and fixtures

 

7 years

 

 

2,998

 

 

 

2,938

 

Leasehold improvements

 

7 years

 

 

6,824

 

 

 

6,767

 

Aircraft

 

10 years

 

 

834

 

 

 

834

 

Building

 

39 years

 

 

2,975

 

 

 

2,975

 

 

 

 

 

 

69,406

 

 

 

77,642

 

Land

 

 

 

 

725

 

 

 

725

 

Construction in progress

 

 

 

 

1,292

 

 

 

219

 

Less accumulated depreciation

 

 

 

 

(41,871

)

 

 

(44,187

)

Total property and equipment—

   net

 

 

 

$

29,552

 

 

$

34,399

 

Total depreciation expense included in the unaudited condensed consolidated statements of operations was $2.5 million and $4.7 million for the three and six months ended June 30, 2021, respectively, and $2.0 million and $4.0 million for the three and six months ended June 30, 2020, respectively.

Total property and equipment, net as of December 31, 2020 included $7.2 million related to financed assets, which, following the adoption of ASC 842, are presented as part of finance lease liabilities and excluded from property and equipment, net on the face of the condensed consolidated balance sheet as of June 30, 2021.