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Property and Equipment, Net
12 Months Ended
Dec. 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)December 31,
2024
December 31,
2023
Land$731 $731 
Building 60,679 60,679 
Leasehold improvements17,977 15,348 
Processing equipment13,950 13,116 
Furniture and equipment9,583 8,741 
Finance lease right-of-use assets159 138 
Projects in process 1,499 3,674 
Property and equipment, at cost104,578 102,427 
Less: accumulated depreciation and amortization(19,911)(13,697)
Property and equipment, net$84,667 $88,730 
Depreciation expense is as follows for the years ended:
December 31,
(in thousands)202420232022
Depreciation expense$6,467 $4,218 $2,827