Rodgers Silicon Valley Acquisition Corp. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Property and Equipment

Property and Equipment

3 Months Ended

12 Months Ended

Apr. 03, 2022

Jan. 02, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 4. 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 April 3, 2022 and January 2, 2022, consisted of the following (in thousands):


	April 3, 2022			January 2, 2022
Process equipment	$	6,636		$	6,636
Office equipment		917			918
Furniture and fixtures		678			639
Leasehold improvements		1,878			1,878
Construction in progress		77,899			71,133

Total property and equipment		88,008			81,204
Less: Accumulated depreciation		(4,906	)		(4,591	)

Property and equipment, net	$	83,102		$	76,613

Depreciation and amortization expenses related to property and equipment for the quarters ended April 3, 2022 and March 31, 2021 were $0.3 million and $0.1 million, respectively.

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.