SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Property, Plant and Equipment, Net

Property and equipment are stated at cost, less accumulated depreciation and are depreciated on a straight-line basis over their estimated useful lives as follows:


Machinery and equipment			2 - 7 years
Furniture and fixtures			3 years
Capitalized software and development costs			3 years
Leasehold improvements			Shorter of remaining lease term or 10 years

Property and equipment as of December 31, 2022 and 2021, consisted of the following (in thousands):


	Year Ended December 31,
	2022		2021
Machinery and equipment	$	3,948	$	2,324
Furniture and fixtures	355		355
Leasehold improvements	734		728
Capitalized software and development costs	55,662		28,964
Total property and equipment	60,699		32,371
Accumulated depreciation and amortization	(30,140)		(18,253)
Total property and equipment, net	$	30,559	$	14,118