		June 30, 2026		December 31, 2025
Tooling	$	6,327	$	5,010
Construction in process ("CIP")		5,399		3,251
eVTOL mockups		2,131		2,131
Machinery and equipment		693		594
Leasehold improvement		227		224
Computer hardware		39		39
Total property, plant and equipment	$	14,815	$	11,248
Less: Accumulated depreciation		(1,185)		(688)
Total property, net	$	13,630	$	10,560

CIP includes costs incurred for tooling for eVTOL production that will be owned by the Company. Depreciation expense is immaterial for the periods presented.

The Company capitalizes certain qualifying costs incurred during the application development stage to develop or obtain internal-use software, in accordance with ASC 350-40. Capitalization begins when management authorizes and commits to funding the project, and it is probable that the project will be completed and the software will be used as intended. Costs related to preliminary project activities, post-implementation activities, data conversion, and training are expensed as incurred. Capitalized internal-use software will be amortized on a straight-line basis over its estimated useful life, which generally ranges from 3 to 5 years, once the software is placed in service.

For the six months ended June 30, 2026 there was $7.3 million related to software not placed in service.

		June 30, 2026		December 31, 2025
Accrued services	$	23,913	$	23,412
Subsidies and grants		6,548		6,530
Accrued payroll		4,378		7,600
Accrued interest		3,316		1,062
Advances from customers		2,765		2,770
Income tax payable		195		968
Other payables		366		371
Total	$	41,481	$	42,713