Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.2.2
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2022
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):

               
   

September 30,

2022

    

December 31,

2021

  
Furniture and Equipment   $ 221     $ 181  
Computer Equipment     290       173  
Leasehold Improvements     2,008       44  
Software     254       177  
Production Equipment     23       23  
Property and Equipment, Gross     2,796       598  
                 
Less Accumulated Depreciation     (416 )     (149 )
Property and Equipment, Net   $ 2,380     $ 449  

 

During the three months ended September 30, 2022 and 2021, the Company recorded depreciation expense of $86,980 and $23,665, respectively. During the nine months ended September 30, 2022 and 2021, the Company recorded depreciation expense of $0.2 million and $53,494, respectively.