Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
12 Months Ended
Jan. 02, 2022
Property Plant And Equipment [Abstract]  
Property and Equipment

Note 5. Property and Equipment

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed on a straight-line basis over the estimated useful lives of the assets. Property and equipment as of January 2, 2022 and December 31, 2020, consisted of the following (in thousands):

 

 

 

January 2, 2022

 

 

December 31, 2020

 

Process equipment

 

 

$

6,636

 

 

$

4,085

 

Office equipment

 

 

 

918

 

 

 

369

 

Furniture and fixtures

 

 

 

639

 

 

 

65

 

Leasehold improvements

 

 

 

1,878

 

 

 

921

 

Construction in progress

 

 

 

71,133

 

 

 

29,568

 

Total property and equipment

 

 

 

81,204

 

 

 

35,008

 

Less: Accumulated depreciation

 

 

 

(4,591

)

 

 

(3,718

)

Property and equipment, net

 

 

$

76,613

 

 

$

31,290

 

Depreciation and amortization expenses related to property and equipment for fiscal years 2021 and 2020 were $1.0 million and $0.6 million, respectively.