Desktop Metal, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized
- Pay vs Performance Disclosure
- Insider Trading Arrangements

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following (in thousands):


	December 31,
	2023		2022
Equipment	$	46,351	$	48,632
Leasehold improvements		20,303		18,527
Land and buildings		7,840		15,893
Construction in process		3,374		5,008
Furniture and fixtures		1,950		2,396
Software		1,899		2,183
Tooling		2,287		2,145
Computer equipment		2,166		2,076
Automobiles		1,032		1,180
Property and equipment, gross		87,202		98,040
Less: accumulated depreciation		(51,362)		(41,769)
Total property and equipment, net	$	35,840	$	56,271

For the years ended years ended December 31, 2023, 2022 and 2021, depreciation expense was $12.0 million, $12.1 million, and $8.5 million, respectively.