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Property and Equipment

12 Months Ended

Dec. 31, 2024

Property and Equipment

Property and Equipment

Note 9. Property and Equipment

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

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​	​	2024		​	2023
Cryogenic shippers and data loggers		$	15,619		$	14,237
Freezers	​		10,034	​		8,934
Furniture and fixtures	​		5,027	​		6,351
Computers and software	​		5,996	​		4,908
Machinery and equipment	​		21,000	​		19,760
Trucks and autos	​		2,764	​		1,878
Leasehold improvements	​		39,490	​		33,688
Buildings	​		6,809	​		6,652
Land	​		813	​		813
Fixed assets in process	​		27,152	​		24,224
​	​		134,704	​		121,445
Less accumulated depreciation and amortization	​		(45,865)	​		(36,588)
​	​	$	88,839	​	$	84,858

​

Total depreciation and amortization expense related to property and equipment amounted to $13.6 million, $11.2 million and $7.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.

The Company leases equipment under finance leases, with a total cost of $1.7 million and $1.2 million as of December 31, 2024 and 2023, respectively, and accumulated amortization of $0.7 million and $0.2 million as of December 31, 2024 and 2023, respectively.

Fixed assets in process primarily relates to $22.1 million of expansion of facilities in the United States, Belgium and France.

Geographic information

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

​	​	​	​	​	​	​
​		December 31,
​	​	2024			2023
United States	​	$	63,548	​	$	62,955
Rest of world (1)	​		25,291	​		21,903
Total property and equipment, net	​	$	88,839	​	$	84,858

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

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Topic 958
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-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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