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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following:
June 30, 2025December 31, 2024
Machinery$13,536 $14,145
Leasehold improvements11,20411,058
Buildings(1)
1,1364,238
Furniture and fixtures5,941 5,259
Software and website development1,9811,804
Computer and other equipment1,895 1,809
Land(1)
941,090
Construction in progress282335
Property and equipment, gross36,069 39,738 
Accumulated depreciation(18,988)(15,543)
Property and equipment, net$17,081$24,195
(1) The buildings and land line items decreased as a result of the disposition of the TerraFlame manufacturing operations (as defined in Note 17, Variable Interest Entities) during the second quarter of 2025, as discussed in Note 17, Variable Interest Entities.

Depreciation expense was $1.6 million and $3.4 million for the three and six months ended June 30, 2025, compared to $1.2 million and $2.4 million for the three and six months ended June 30, 2024, respectively. Depreciation expense is recorded to depreciation and amortization expenses on the consolidated statements of operations and comprehensive income (loss).