PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE	3 Months Ended
Mar. 31, 2024
PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE
PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE	NOTE 4 — PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE The Company determined that its property, plant, and equipment represent one asset group which is the lowest level for which identifiable cash flows are available. Historically, fair value of the Company’s property, plant, and equipment was derived from the Company’s enterprise value at the time of impairment as the Company believed it represented the most appropriate fair value of the asset group in accordance with accounting guidance. In conjunction with the Chapter 11 Cases, substantially all our property, plant and equipment were sold pursuant to closing the LandX Asset Purchase Agreement in the fourth quarter of 2023. For the three months ended March 31, 2023, the Company recognized impairment and depreciation charges of $109.8 million and $7.4 million, respectively. No such charges were incurred for the three months ended March 31, 2024.

PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE

3 Months Ended

Mar. 31, 2024

PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE

PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE

NOTE 4 — PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE

The Company determined that its property, plant, and equipment represent one asset group which is the lowest level for which identifiable cash flows are available. Historically, fair value of the Company’s property, plant, and equipment was derived from the Company’s enterprise value at the time of impairment as the Company believed it represented the most appropriate fair value of the asset group in accordance with accounting guidance. In conjunction with the Chapter 11 Cases, substantially all our property, plant and equipment were sold pursuant to closing the LandX Asset Purchase Agreement in the fourth quarter of 2023.

For the three months ended March 31, 2023, the Company recognized impairment and depreciation charges of $109.8 million and $7.4 million, respectively. No such charges were incurred for the three months ended March 31, 2024.