Property, Plant and Equipment, Net (Tables)
|9 Months Ended|
Sep. 30, 2022
|Property, Plant and Equipment [Abstract]|
|Schedule of Property, Plant and Equipment, Net||
Property, plant and equipment, net consists of the following as of September 30, 2022 and December 31, 2021:
Within IT software and equipment, the Company’s capitalized software totaled $1.4 million and $0.8 million, net of accumulated amortization of $7.9 million and $7.4 million, as of September 30, 2022 and December 31, 2021, respectively. No amortization expense is recorded until the software is ready for its intended use. For the three months ended September 30, 2022 and 2021, amortization expense related to capitalized software was $0.2 million and $0.1 million, respectively.
Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the three and nine months ended September 30, 2022 and 2021 consisted of the following:
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef