v3.21.2
Property, Plant and Equipment, net
6 Months Ended 11 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Property, Plant and Equipment, net    
Property, Plant and Equipment, net

Note G — Property, Plant and Equipment, net

The property, plant and equipment, net balances are as follows:

    

Successor

June 30, 

December 31, 

    

2021

    

2020

Computer equipment

$

1,103

$

739

Furniture and fixtures

 

626

 

442

Laboratory equipment

 

2,009

 

1,357

Software

 

736

 

359

Leasehold improvements

 

1,447

 

672

Construction in process

304

Less: accumulated depreciation

 

(1,110)

 

(307)

$

5,115

$

3,262

Depreciation expense related to property, plant and equipment was $797 thousand, $41 thousand and $59 thousand for the Successor 2021 Period, Successor Q2 2020 Period, and Predecessor 2020 Period, respectively.

The Company occasionally designs and builds its own machinery. The cost of these projects, including direct material and labor, and other indirect costs attributable to the construction, are capitalized as construction in progress. No provision for depreciation is made on construction in progress until the related assets are completed and placed in service.

Note G – Property, Plant and Equipment, net

The property, plant and equipment, net balances are as follows:

Successor

Predecessor

December 31, 

December 31, 

    

2020

    

2019

Computer equipment

$

739

$

128

Furniture and fixtures

 

442

 

43

Laboratory equipment

 

1,357

 

13

Software

 

359

 

36

Leasehold improvements

 

672

 

103

Less: accumulated depreciation

 

(307)

 

(70)

$

3,262

$

253

Depreciation expense related to property, plant and equipment was $307 thousand, $59 thousand and $66 thousand for the Successor 2020 Period, the Predecessor 2020 Period, and the Predecessor 2019 Period respectively.