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

Property and Equipment, Net (Tables)

v3.25.4
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment, net
Property and equipment, net consist of the following as of the periods presented:
(in thousands) December 31,
2025
December 31,
2024
Land $ 731  $ 731 
Building 60,679  60,679 
Leasehold improvements 18,060  17,977 
Processing equipment 16,572  13,950 
Furniture and equipment 10,850  9,583 
Finance lease right-of-use assets 80  159 
Projects in process 1,241  1,499 
Property and equipment, at cost 108,213  104,578 
Less: accumulated depreciation and amortization (26,430) (19,911)
Property and equipment, net $ 81,783  $ 84,667 
Depreciation expense is as follows for the periods presented:
Years Ended December 31,
(in thousands) 2025 2024 2023
Depreciation expense $ 6,660  $ 6,467  $ 4,218