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Fixed Assets
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 5. Fixed Assets

Major classes of fixed assets consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

Useful Lives

2022

 

 

2021

 

 

 

(in thousands)

 

Medical lab equipment

1 to 12 Years

$

48,570

 

 

$

35,930

 

Leasehold improvements

Shorter of lease term or estimated useful life

 

11,175

 

 

 

4,003

 

Computer hardware

1 to 5 Years

 

6,906

 

 

 

5,661

 

Computer software

1 to 5 Years

 

6,793

 

 

 

1,408

 

Building

39 Years

 

6,731

 

 

 

6,731

 

Aircraft

7 Years

 

6,503

 

 

 

6,503

 

Building improvements

6 months to 39 Years

 

5,749

 

 

 

3,936

 

Furniture and fixtures

1 to 5 Years

 

4,160

 

 

 

2,255

 

Automobile

2 to 7 Years

 

811

 

 

 

825

 

Land improvements

5 to 15 Years

 

616

 

 

 

403

 

General equipment

3 to 5 Years

 

44

 

 

 

44

 

Land

 

 

7,500

 

 

 

7,500

 

Assets not yet placed in service

 

 

12,215

 

 

 

6,718

 

Total

 

 

117,773

 

 

 

81,917

 

Less: Accumulated depreciation

 

 

(35,966

)

 

 

(19,630

)

Fixed assets, net

 

$

81,807

 

 

$

62,287

 

 

Depreciation expenses on fixed assets totaled $7.6 million and $2.5 million for the three months ended September 30, 2022 and 2021, respectively, and $17.9 million and $6.7 million for the nine months ended September 30, 2022 and 2021, respectively.