Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.22.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 7: Property and Equipment, Net

 

The Company has property and equipment as follows (in thousands):

               
    As of December 31,  
    2021     2020  
Furniture and Equipment   $ 181     $ 20  
Computer Equipment     173       168  
Leasehold Improvements     44       14  
Software     177       68  
Production Equipment     23       –  
Property and Equipment, Gross     598       270  
                 
Less Accumulated Depreciation     (149 )     (174 )
Property and Equipment, Net   $ 449     $ 96  

  

During the years ended December 31, 2021 and December 31, 2020, the Company recorded depreciation expense of $93,983 and $44,942. During the year ended December 31, 2021, the Company disposed of computer equipment that was replaced in the normal course of business, resulting in the removal of $118,502 from accumulated depreciation and $117,005 from gross property and equipment.