PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE	9 Months Ended
Sep. 30, 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 light of the Chapter 11 Cases, as discussed above, the Company valued its property, plant and equipment based on their estimated residual value as of June 30, 2023. Accordingly, there was no property, plant and equipment or assets held for sale impairment charge recognized for the quarter ended September 30, 2023. During the three and nine months ended September 30, 2023, the Company recognized an impairment loss of $0.7 million on its right of use assets as these assets were not assumed in the LandX Purchase Agreement. The fair values were estimated using a cost approach based on the rejection damages on unexpired leases, considering that such damages reasonably approximate the cost to enter into a new lease for the remaining time period. No such charges were incurred for the three and nine months ended September 30, 2024.

PROPERTY, PLANT AND EQUIPMENT AND ASSETS HELD FOR SALE

9 Months Ended

Sep. 30, 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 light of the Chapter 11 Cases, as discussed above, the Company valued its property, plant and equipment based on their estimated residual value as of June 30, 2023. Accordingly, there was no property, plant and equipment or assets held for sale impairment charge recognized for the quarter ended September 30, 2023. During the three and nine months ended September 30, 2023, the Company recognized an impairment loss of $0.7 million on its right of use assets as these assets were not assumed in the LandX Purchase Agreement. The fair values were estimated using a cost approach based on the rejection damages on unexpired leases, considering that such damages reasonably approximate the cost to enter into a new lease for the remaining time period. No such charges were incurred for the three and nine months ended September 30, 2024.