Annual report pursuant to Section 13 and 15(d)

Property and Equipment, net

v3.22.4
Property and Equipment, net
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
The Company’s property and equipment, net consists of the following (in thousands):

  December 31,
  2022 2021
Computer hardware, software, and equipment $ 1,813  $ 2,438 
Leasehold improvements 1,584  1,354 
Furniture and fixtures 1,630  2,231 
Less: Accumulated depreciation (4,415) (4,497)
Total property and equipment, net $ 612  $ 1,526 
 
Depreciation expense relating to property and equipment was $1.4 million, $2.8 million, and $4.6 million for the years ended December 31, 2022, 2021, and 2020, respectively. During the years ended December 31, 2022 and 2021, the Company recognized immaterial losses related to the disposal of property and equipment. During the year ended December 31, 2020, the Company recognized a loss of $3.4 million related to the disposal of property and equipment.
Vehicles, net
The Company’s vehicles, net consists of the following (in thousands):
 
  December 31,
  2022 2021
Deployed vehicles $ 134,202  $ 93,192 
Undeployed vehicles 31,900  46,867 
Spare parts 28,476  10,009 
Less: Accumulated depreciation(1)
(94,490) (31,119)
Total vehicles, net $ 100,088  $ 118,949 

(1)Includes $54.3 million of impairment of vehicles and spare parts, net of assets no longer in service and consumption of spare parts of $7.8 million, for the year ended December 31, 2022. There was no impairment recorded during the year ended December 31, 2021.

Depreciation expense relating to vehicles was $59.5 million, $47.3 million, and $23.8 million for the years ended December 31, 2022, 2021, and 2020, respectively.