Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment???net

v3.22.2.2
Property And Equipment—net
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property And Equipment—net
8. Property and Equipment - net
The following summarizes property and equipment - net as of:
September 30, December 31,
2022 2021
(in thousands)
Satellites $ 116,217  $ 93,709 
Software 6,407
Software development in process 2,620
Computer equipment 2,002 1,372
Office furniture and fixtures 808 744
Other equipment 690 682
Site equipment 2,471 1,393
Ground station equipment 111 111
Total 131,326 98,011
Less: accumulated depreciation (53,169) (27,460)
Property and equipment — net $ 78,157  $ 70,551 
Depreciation of property and equipment from continuing operations was $9.5 million and $3.2 million, for the three months ended September 30, 2022 and 2021, respectively, and $25.7 million and $8.8 million for the nine months ended September 30, 2022 and 2021, respectively.
The Company disposed of property and equipment, which consisted of site equipment, furniture and ground station equipment of $36 thousand and $0.8 million, during the nine months ended September 30, 2022 and 2021, respectively, for a loss of $0 for the three and nine months ended September 30, 2022 and $0 and $24 thousand for the three and nine months ended September 30, 2021, respectively.