Redwire Corporation Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2021

Expected useful lives are reviewed at least annually. Estimated useful lives are as follows:


Property, plant and equipment			Estimated useful life in years
Computer equipment			3
Furniture and fixtures			7
Laboratory equipment			3-10
Software			3-5
Leasehold improvements			5 or lease term

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


	Successor
	December 31, 2021		December 31, 2020
Computer equipment	$	1,380	$	739
Furniture and fixtures	783		442
Laboratory equipment	16,856		1,357
Software	—		359
Leasehold improvements	2,205		672
Construction in process	415		—
Less: accumulated depreciation	(2,255)		(307)
Total property, plant and equipment, net	$	19,384	$	3,262

The table below presents the depreciation expense related to property, plant and equipment for the following periods:


	Successor				Predecessor
	Year Ended December 31, 2021		Period from February 10, 2020 to December 31, 2020		Period from January 1, 2020 to June 21, 2020
Depreciation expense	$	1,944	$	307	$	59