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Property and Equipment, Net
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consist of the following:
(in thousands)September 30,
2024
December 31,
2023
Land$731 $731 
Building60,679 60,679 
Leasehold improvements17,889 15,348 
Processing equipment13,883 13,116 
Furniture and equipment9,516 8,741 
Projects in process1,072 3,674 
Finance lease right-of-use assets138 138 
Property and equipment, at cost103,908 102,427 
Less: accumulated depreciation and amortization(18,276)(13,697)
Property and equipment, net$85,632 $88,730 
Depreciation expense is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Depreciation expense$1,654 $1,154 $4,831 $2,660