Property and Equipment |
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Property, Plant and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and Equipment |
Note 6. Property and Equipment
At March 31, 2023 and December 31, 2022, property and equipment consisted of the following:
As of March 31, 2023 and December 31, 2022, construction in progress represents components to be used in the manufacturing of our satellites.
Depreciation expense of property and equipment for the three months ended March 31, 2023 and 2022 is $3,361 and $105,211, respectively, of which $43,696 and $84,120 are included as components of cost of revenue.
During the three months ended March 31, 2023 and 2022, the Company purchased assets of $1,147,409 and $541,264, respectively.
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