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.