Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.23.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
The components of property, plant and equipment are as follows (in thousands):
December 31,
2022		 December 31,
2021		 Estimated Useful Life
Land $ 352  $ 352 
Building improvements 1,729  1,729 
10-39 years
Machinery 5,048  4,740 
3-7 years
Lab equipment 5,788  4,330 
3-7 years
Computer equipment and software 2,350  1,211 
3-5 years
Furniture and fixtures 461  468  5 years
15,728  12,830 
Less: accumulated depreciation (8,440) (6,883)
Total property, plant and equipment, net $ 7,288  $ 5,947 
Depreciation expense for Fiscal 2022 and 2021 were $2.3 million and $1.9 million, respectively.