AerSale Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE G — PROPERTY AND EQUIPMENT, NET

Property and equipment, net, as of the below dates consisted of the following (in thousands):


	Useful Life
	In Years	June 30, 2023		December 31, 2022
Tooling and equipment	7 - 15	$	15,473	$	14,649
Furniture and other equipment	5		11,570		10,090
Computer software	5		2,163		2,152
Leasehold improvements	3 - 10		10,138		7,390
Equipment under capital lease	5		192		192
Flight equipment held for R&D	2		8,459		-
			47,995		34,473
Less accumulated depreciation			(25,103)		(21,835)
		$	22,892	$	12,638

Depreciation expense, which includes amortization of equipment under capital lease, amounted to $0.9 million and $0.5 million for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense, which includes amortization of equipment under capital lease, amounted to $1.8 million and $1.0 million for the six months ended June 30, 2023 and 2022, respectively.