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Property and Equipment, Net
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consist of the following:
(in thousands)March 31,
2024
December 31,
2023
Land$731 $731 
Building60,679 60,679 
Leasehold improvements17,896 15,348 
Processing equipment13,445 13,116 
Furniture and equipment9,821 8,741 
Projects in process317 3,674 
Finance lease right-of-use assets138 138 
Property and equipment, at cost103,028 102,427 
Less: accumulated depreciation and amortization(15,190)(13,697)
Property and equipment, net$87,838 $88,730 
Depreciation expense is as follows:
Three Months Ended March 31,
(in thousands)20242023
Depreciation expense$1,520 $709