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Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net

Note 7. Property, Plant and Equipment, Net

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

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Machinery and equipment

 

$

9,942

 

 

$

6,084

 

Office furniture and equipment

 

 

649

 

 

 

315

 

Vehicles

 

 

70

 

 

 

128

 

Leasehold improvements

 

 

2,805

 

 

 

2,442

 

 

 

 

13,466

 

 

 

8,969

 

Less—Accumulated depreciation

 

 

(2,473

)

 

 

(995

)

 

 

 

10,993

 

 

 

7,974

 

Construction in progress

 

 

18,817

 

 

 

2,034

 

Total property, plant and equipment, net

 

$

29,810

 

 

$

10,008

 

 

Depreciation expense related to property, plant and equipment recorded during the years ended December 31, 2021 and 2020 was $1.7 million and $0.9 million, respectively.

 

Teknova capitalizes a portion of the interest on funds borrowed to finance its capital expenditures. Capitalized interest is recorded as part of an asset’s cost and depreciated over the asset’s useful life. Capitalized interest costs were $0.3 million and zero for the years ended December 31, 2021 and 2020, respectively.