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

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

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


	December 31,
	2022		2021
Equipment	$	48,632	$	42,892
Leasehold improvements		18,527		15,263
Land and buildings		15,893		17,214
Construction in process		5,008		4,185
Furniture and fixtures		2,396		1,844
Software		2,183		2,346
Tooling		2,145		2,000
Computer equipment		2,076		1,725
Automobiles		1,180		905
Property and equipment, gross		98,040		88,374
Less: accumulated depreciation		(41,769)		(29,664)
Total property and equipment, net	$	56,271	$	58,710

For the years ended years ended December 31, 2022, 2021 and 2020, depreciation expense was $12.1 million, $8.5 million, and $7.6 million, respectively.