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v3.24.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Property, Plant and Equipment | Depreciation is computed using the straight-line method over the following estimated useful lives of assets:
Asset |  | Useful Life
Leasehold improvements |  | 1 – 7 years
Vehicles and trailers |  | 3 – 5 years
Computers and software |  | 3 years
Furniture and fixtures |  | 5 years
Machinery and equipment |  | 3 – 7 years
As of December 31, 2023 and 2022, property and equipment, net consisted of the following (in thousands):
| December 31, 2023 |  | December 31, 2022
Leasehold improvements | $ | — |  |  | $ | 1,544 |
Vehicles and trailers | 129 |  |  | 129 |
Computers and software | 2,864 |  |  | 1,673 |
Furniture and fixtures | 1,666 |  |  | 794 |
Machinery and equipment | 2,772 |  |  | 2,211 |
Construction in progress | 13,795 |  |  | 17,747 |
Property and equipment, gross | 21,226 |  |  | 24,098 |
Less: accumulated depreciation and amortization | (2,877) |  |  | (2,922) |
Property and equipment, net | $ | 18,349 |  |  | $ | 21,176 |
Other Current Liabilities | As of December 31, 2023 and December 31, 2022, other current liabilities consisted of the following (in thousands):
| December 31, 2023 |  | December 31, 2022
Financing obligation, current (see Note 6 - Leases) | $ | — |  |  | $ | 9,117 |
Payroll accruals | 2,553 |  |  | 2,117 |
Income tax payable | 20 |  |  | — |
Professional fees accruals | 832 |  |  | 3,677 |
Commercial insurance financing | 493 |  |  | — |
Commitment shares liability (see Note 3 - Business Combination and Related Transactions) | 755 |  |  | — |
Other accrued liabilities | 94 |  |  | 267 |
Other current liabilities | $ | 4,747 |  |  | $ | 15,178 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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