Property, Plant and Equipment, Net (Tables)
|12 Months Ended|
Dec. 31, 2022
|Property, Plant and Equipment [Abstract]|
|Schedule of Property, Plant and Equipment, Net||
The estimated useful lives for each class of property, plant and equipment are as follows:
Property, plant and equipment, net consists of the following as of December 31, 2022 and December 31, 2021:
Within IT software and equipment, the Company’s capitalized software totaled $1.2 million and $0.8 million, net of accumulated amortization of $8.0 million and $7.4 million, as of December 31, 2022 and December 31, 2021, respectively. No amortization expense is recorded until the software is ready for its intended use.
Depreciation expense recorded in the consolidated statements of operations and comprehensive loss during the years ended December 31, 2022, 2021 and 2020 consisted of the following:
No definition available.
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