Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net consist of the following:

(in thousands)	March 31, 2025		December 31, 2024
Land	$	731	$	731
Building	60,679		60,679
Leasehold improvements	17,977		17,977
Processing equipment	14,068		13,950
Furniture and equipment	10,626		9,583
Projects in process	710		1,499
Finance lease right-of-use assets	159		159
Property and equipment, at cost	104,950		104,578
Less: accumulated depreciation and amortization	(21,639)		(19,911)
Property and equipment, net	$	83,311	$	84,667

Depreciation expense is as follows:

	Three Months Ended March 31,
(in thousands)	2025		2024
Depreciation expense	$	1,728	$	1,520