Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 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

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

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


	September 30,		December 31,
	2024		2023
Equipment	$	52,696	$	46,351
Leasehold improvements		23,606		20,303
Land and buildings		3,604		7,840
Construction in process		978		3,374
Furniture and fixtures		2,082		1,950
Software		2,124		1,899
Tooling		2,306		2,287
Computer equipment		2,364		2,166
Automobiles		879		1,032
Property and equipment, gross		90,639		87,202
Less: accumulated depreciation		(63,455)		(51,362)
Total property and equipment, net	$	27,184	$	35,840

Depreciation expense was $1.6 and $10.6 million for the three and nine months ended September 30, 2024. Depreciation expense was $2.9 million and $8.8 million for the three and nine months ended September 30, 2023.