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

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Expected useful lives for property, plant and equipment are reviewed at least annually. Estimated useful lives are as follows:


			Estimated useful life in years
Computer equipment			3
Furniture and fixtures			7
Laboratory equipment			3-10

Leasehold improvements			shorter of 5 or lease term
Assets subject to finance lease			lease term

Property, plant and equipment were as follows:



	December 31, 2022						December 31, 2021
	United States		Europe		Total		United States		Europe		Total
Computer equipment	$	1,256	$	252	$	1,508	$	1,273	$	107	$	1,380
Furniture and fixtures	1,062		38		1,100		783		—		783
Laboratory equipment	3,646		483		4,129		16,550		306		16,856

Leasehold improvements	2,229		4,475		6,704		2,205		—		2,205
Finance lease ROU assets	—		944		944		—		—		—
Construction in process	1,408		—		1,408		415		—		415
Property, plant and equipment, gross	9,601		6,192		15,793		21,226		413		21,639
Less: accumulated depreciation	(2,785)		(247)		(3,032)		(1,919)		(336)		(2,255)
Total property, plant and equipment, net	$	6,816	$	5,945	$	12,761	$	19,307	$	77	$	19,384

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