PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

 5. PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment (“PPE”) are as follows:

	June 30, 2024 (unaudited)		December 31, 2023
Buildings and building components	$	88,151	$	88,527
Land	12,956		12,956
Leasehold improvements	47,589		46,660
Machinery and equipment	27,051		27,050
Furniture, fixtures and office equipment (including computer)	21,957		21,146
Construction-in-process	193		1,968
Property, plant and equipment, gross	197,897		198,307
Less: Accumulated depreciation	(48,592)		(39,039)
Property, plant and equipment, net	$	149,305	$	159,268

Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.

Depreciation was $4,974 and $4,483 for the three months ended June 30, 2024 and 2023, respectively, and $9,883 and $9,295 for the six months ended June 30, 2024 and 2023, respectively. Interest expense capitalized to PPE totaled $0 and $222 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $410 for the six months ended June 30, 2024 and 2023, respectively.