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, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

10. PROPERTY AND EQUIPMENT

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


	September 30,		December 31,
	2022		2021
Equipment	$	49,150	$	42,892
Land and buildings		16,322		17,214
Automobiles		1,183		905
Furniture and fixtures		2,350		1,844
Computer equipment		2,012		1,725
Tooling		2,138		2,000
Software		2,248		2,346
Leasehold improvements		18,007		15,263
Construction in process		3,152		4,185
Property and equipment, gross		96,562		88,374
Less: accumulated depreciation		(38,807)		(29,664)
Total property and equipment, net	$	57,755	$	58,710

Depreciation and amortization expense was $3.1 million and $9.3 million for the three and nine months ended September 30, 2022. Depreciation and amortization expense was $1.6 million and $4.4 million for the three and nine months ended September 30, 2021.