CAPITAL ASSETS, NET

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Net property, plant and equipment consisted of:


	March 31, 2023		December 31, 2022
Land	$	9,843	$	9,605
Building	58,366		58,334
Right-of-use asset, finance leases	6,297		5,077
Furniture, fixtures and equipment	40,381		46,811
Leasehold improvements	51,655		6,178
Construction in progress	7,729		34,435
Capital assets, gross	$	174,271	$	160,440
Less: accumulated depreciation and amortization	(38,646)		(27,035)
Capital assets, net	$	135,625	$	133,405

Depreciation and amortization of capital assets for the three months ended March 31, 2023 and 2022 includes $997 and $1,111 of depreciation and amortization expense, and $2,287 and $1,922 that was capitalized to inventory, respectively.

During the three months ended March 31, 2022, the Company determined that it was unable to find a satisfactory buyer for the held-for-sale assets related to its Michigan operations and, as such, these assets were reclassified as held-and-used. This conclusion was considered a triggering event for capital asset impairment testing. Upon assessment, these specific capital assets were not considered to have future economic value. As such, the fair value of the assets was considered to be nil and the Company recognized an impairment charge of $1,907 within Impairments, net on the Statements of Operations during the three months ended March 31, 2022.