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Property Plant and Equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment PROPERTY, PLANT, AND EQUIPMENT
Property, plant and equipment and related depreciation are summarized in the table below:

September 30, 2022December 31, 2021
Land$775 $— 
Buildings & improvements14,253 1,483 
Construction in process328 63 
Furniture, equipment & other19,422 13,425 
Leasehold improvements36,623 35,538 
Total$71,401 $50,509 
Less: accumulated depreciation(12,704)(7,876)
Total property, plant, and equipment, net$58,697 $42,633 

Approximately $33 million of property and equipment is secured by LI Lending as collateral on the LI Lending note (Note 7). There were no significant contractual commitments for future capital expenditures as of September 30, 2022 and December 31, 2021.

Depreciation expense for the nine months ended September 30, 2022 and 2021 was $4.8 million and $1.8 million, respectively, of which $3.9 million and $1.2 million, respectively, is included in cost of goods sold. Depreciation expense for the three months ended September 30, 2022 and 2021 was $1.4 million and $0.7 million, respectively, of which $1.2 million and $0.5 million, respectively, is included in cost of goods sold.