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

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2023

10. PROPERTY AND EQUIPMENT

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


	March 31,		December 31,
	2023		2022
Equipment	$	45,312	$	48,632
Leasehold improvements		18,401		18,527
Land and buildings		9,414		15,893
Construction in process		4,393		5,008
Furniture and fixtures		2,167		2,396
Software		1,908		2,183
Tooling		2,147		2,145
Computer equipment		1,851		2,076
Automobiles		1,138		1,180
Property and equipment, gross		86,731		98,040
Less: accumulated depreciation		(41,469)		(41,769)
Total property and equipment, net	$	45,262	$	56,271

Depreciation expense was $3.0 million and $3.1 million for the three months ended March 31, 2023 and 2022.