XML 44 R25.htm IDEA: XBRL DOCUMENT v3.22.2
PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net, consists of the following:
In thousandsDecember 31, 2021December 31, 2020
Production facilities$53,590 $9,046 
Furniture, fittings & equipment5,223 957 
Industrial property3,659 — 
Vehicles244 55 
Assets under construction68,207 19,340 
Less: accumulated depreciation(2,761)(891)
Total property, plant and equipment, net$128,162 $28,506 
Depreciation expense for the years ended December 31, 2021 and 2020 amounted to $2,238 thousand and $523 thousand, respectively.
The Company recorded an impairment on certain assets at a facility under construction during 2021 that were damaged. The total loss incurred was $1,051 thousand prior to any insurance reimbursements. During 2021, the Company received approximately $650 thousand in proceeds from its insurance carrier. The Company expects to recover the remaining amount of the loss from its insurance carrier during the year ended December 31, 2021
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net, consists of the following:
In thousandsUnaudited March 31, 2022December 31, 2021
Production facilities$63,823 $53,590 
Furniture, fittings & equipment5,337 5,223 
Industrial property— 3,659 
Vehicles402 244 
Assets under construction74,902 68,207 
Less: accumulated depreciation(4,022)(2,761)
Total property, plant and equipment, net$140,442 $128,162 
Depreciation expense for the quarters ended March 31, 2022 and 2021 amounted to $1,261 thousand and $168 thousand, respectively.