Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.24.0.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consist of the following:
(in thousands) December 31,
2023		 December 31,
2022
Furniture and equipment $ 8,741  $ 5,316 
Building 60,679  — 
Leasehold improvements 15,348  15,482 
Processing equipment 13,116  4,227 
Land 731  731 
Finance lease right-of-use assets 138  131 
Projects in process 3,674  63,703 
Property and equipment, at cost 102,427  89,590 
Less: accumulated depreciation and amortization (13,697) (10,296)
Property and equipment, net $ 88,730  $ 79,294 
Depreciation expense is as follows for the years ended:
December 31,
(in thousands) 2023 2022 2021
Depreciation expense $ 4,218  $ 2,827  $ 2,744