Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment, Net (Tables)

v3.25.0.1
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment, net
Property and equipment, net consist of the following:
(in thousands) December 31,
2024
December 31,
2023
Land $ 731  $ 731 
Building 60,679  60,679 
Leasehold improvements 17,977  15,348 
Processing equipment 13,950  13,116 
Furniture and equipment 9,583  8,741 
Finance lease right-of-use assets 159  138 
Projects in process 1,499  3,674 
Property and equipment, at cost 104,578  102,427 
Less: accumulated depreciation and amortization (19,911) (13,697)
Property and equipment, net $ 84,667  $ 88,730 
Depreciation expense is as follows for the years ended:
December 31,
(in thousands) 2024 2023 2022
Depreciation expense $ 6,467  $ 4,218  $ 2,827