Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.23.1
Property and Equipment, Net
 3 Months Ended
Mar. 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) March 31,
2023		 December 31,
2022
Furniture and equipment $ 6,147  $ 5,316 
Leasehold improvements 15,482  15,482 
Processing equipment 4,264  4,227 
Land 731  731 
Projects in process 67,299  63,703 
Finance lease right-of-use assets 131  131 
Property and equipment, at cost 94,054  89,590 
Less: accumulated depreciation and amortization (11,005) (10,296)
Property and equipment, net $ 83,049  $ 79,294 
Depreciation expense is as follows:
Three Months Ended March 31,
(in thousands) 2023 2022
Depreciation expense $ 709  $ 704