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

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2024

10. PROPERTY AND EQUIPMENT

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


	March 31,		December 31,
	2024		2023
Equipment	$	47,419	$	46,351
Leasehold improvements		22,780		20,303
Land and buildings		3,604		7,840
Construction in process		3,530		3,374
Furniture and fixtures		2,054		1,950
Software		2,103		1,899
Tooling		2,286		2,287
Computer equipment		2,344		2,166
Automobiles		946		1,032
Property and equipment, gross		87,066		87,202
Less: accumulated depreciation		(55,415)		(51,362)
Total property and equipment, net	$	31,651	$	35,840

Depreciation expense was $3.1 million and $3.0 million for the three months ended March 31, 2024 and 2023.