Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Note 5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consist of the following:

 

    Estimated        
    Life     December 31,
    (in years)     2017     2016     2016  
                      (Predecessor)  
Machinery and equipment     6-8     $ 1,686     $ 1,596     $ 21  
Vehicles and trailers     7-10       2,276       1,925       —  
Network services platform     5       4,884       434       —  
Computer equipment and software     2-5 years       793       325       137  
              9,639       4,280       158  
Less: accumulated depreciation             (1,684 )     (813 )     (135 )
Property and equipment, net           $ 7,955     $ 3,467     $ 23  

 

The Company completed the development of the new network infrastructure services platform on October 11, 2017.

 

Depreciation expense for the years ended December 31, 2017 and 2016, was $635 and $516, respectively. Depreciation expense for the period ended April 21, 2017 and December 31, 2016 was $11 and $19, respectively, for the Predecessor.

 

The Company leases various equipment under capital leases. Assets held under capital leases are included in property and equipment as follows:

 

    December 31,  
    2017     2016  
Machinery & equipment   $ 1,548     $ 1,413  
Less: accumulated depreciation     (438 )     (232 )
    $ 1,110     $ 1,181