Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.23.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, Net

 

Property and equipment consist of the following ($ in thousands):

  

    Useful Life     June 30,     December 31,  
    (Years)     2023     2022  
Machinery and equipment   3 - 10     $ 1,530     $ 973  
Office furniture and equipment   3 - 10       159       59  
Leasehold improvements   6       261       228  
Construction in progress   N/A       118       55  
Total property and equipment           2,068       1,315  
Less: accumulated depreciation and amortization           (655 )     (594 )
Property and equipment, net         $ 1,413     $ 721  

 

Depreciation expense for the six months ended June 30, 2023, and 2022 was $61 thousand and $49 thousand, respectively.