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Property and Equipment
12 Months Ended
Dec. 31, 2023
Property and Equipment  
Property and Equipment

Note 7. Property and Equipment

Property and equipment consist of the following (in thousands):

December 31, 

December 31, 

2023

2022

Cryogenic shippers and data loggers

    

$

14,237

    

$

11,373

Freezers

 

8,934

 

7,320

Furniture and fixtures

 

6,351

 

3,760

Computers and software

 

4,908

 

2,824

Machinery and equipment

 

19,760

 

16,492

Trucks and autos

 

1,878

 

853

Leasehold improvements

 

33,688

 

27,083

Buildings

 

6,652

 

4,473

Land

 

813

 

813

Fixed assets in process

 

24,224

 

15,947

 

121,445

 

90,938

Less accumulated depreciation and amortization

 

(36,588)

 

(27,335)

$

84,858

$

63,603

Total depreciation and amortization expense related to property and equipment amounted to $11.2 million, $7.7 million and $5.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.

The Company leases equipment under finance leases, with a total cost of $1.2 million and $0.5 million as of December 31, 2023 and 2022, respectively, and accumulated amortization of $0.2 million and $0.2 million as of December 31, 2023 and 2022, respectively.

Geographic information

Certain geographic information with respect to property and equipment was as follows (in thousands):

    

December 31, 

2023

    

2022

United States

$

62,955

$

51,660

Rest of world (1)

 

21,903

 

11,943

Total property and equipment, net

$

84,858

$

63,603

(1)

No individual country exceeded 10% of our total property and equipment for any period presented.