Annual report pursuant to Section 13 and 15(d)

Property And Equipment???net

v3.24.1
Property And Equipment—net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property And Equipment—net
7. Property and Equipment - net
The following summarizes property and equipment - net as of:
December 31, December 31,
2023 2022
(in thousands)
Satellites $ 125,124  $ 116,219 
Software 20,384 8,503
Software development in process 2,673 2,942
Computer equipment 1,642 1,996
Office furniture and fixtures 4,039 674
Other equipment 811 631
Site equipment 2,557 2,558
Total 157,230 133,523
Less: accumulated depreciation (90,114) (61,939)
Property and equipment — net $ 67,116  $ 71,584 
Depreciation of property and equipment was $42.9 million and $35.1 million for the years ended December 31, 2023 and 2022, respectively. The Company recognized impairment losses of $121 thousand of capitalized software and leasehold improvements, resulting in a net impairment loss of $81 thousand. As of December 31, 2023 and 2022, the Company's primary long-lived assets, including satellites in service, are owned and operated by United States entities and are classified within the United States geographic region.