Property and Equipment

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

3.Property and Equipment

Property and equipment consisted of the following as of March 31, 2025 and December 31, 2024:

	March 31,			December 31,
	2025			2024
Machinery and equipment (7-10 year assets)	$	62,414		$	59,669
Vehicles (5 year assets)		40			48
Office furniture and equipment (5-7 year assets)		1,254			1,253
Computer systems (3 year assets)		2,585			2,532
Leasehold improvements (life tied to lease duration)		17,166			14,201
Construction in process		9,639			10,129
Total property and equipment		93,098			87,832
Less accumulated depreciation		(29,734	)		(26,952	)
Property and equipment, net	$	63,364		$	60,880

Depreciation expense associated with property and equipment amounted to $2,781,990 and $2,166,752 for the three months ended March 31, 2025 and 2024, respectively.