Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net (Tables)

v3.24.3
Property and Equipment, Net (Tables)
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment, net consist of the following:
(in thousands) September 30,
2024		 December 31,
2023
Land $ 731  $ 731 
Building 60,679  60,679 
Leasehold improvements 17,889  15,348 
Processing equipment 13,883  13,116 
Furniture and equipment 9,516  8,741 
Projects in process 1,072  3,674 
Finance lease right-of-use assets 138  138 
Property and equipment, at cost 103,908  102,427 
Less: accumulated depreciation and amortization (18,276) (13,697)
Property and equipment, net $ 85,632  $ 88,730 
Depreciation expense is as follows:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2024 2023 2024 2023
Depreciation expense $ 1,654  $ 1,154  $ 4,831  $ 2,660