PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Furniture and fixtures	$	2,177	$	1,441
Office equipment	1,308		1,031
Machinery and equipment	19,056		2,753
Computer equipment	7,059		2,056
Software and website design	8,854		8,061
Leasehold improvements	5,249		3,696
Capital projects in progress	2,668		13,555
Total property and equipment	46,371		32,593
Less: accumulated depreciation and amortization	(10,976)		(7,729)
Property and equipment, net	$	35,395	$	24,864

Depreciation and amortization expense of property and equipment for the three and nine months ended September 30, 2024 was $2.9 million and $4.8 million, respectively. Depreciation and amortization expense of property and equipment for the three and nine months ended September 30, 2023 was $0.8 million and $2.1 million, respectively