| Schedule of Property and Equipment, Net |
Estimated useful lives are as follows:
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Estimated Useful Lives |
| Land |
— |
| Building and Leasehold improvements |
5 |
— |
|
39 years |
| Computer equipment and software |
3 years |
| Machinery and equipment |
5 |
— |
|
15 years |
| Vehicles |
5 years |
Property, plant and equipment, net consists of the following:
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June 30, |
|
December 31, |
|
2023 |
|
2022 |
| Building and leasehold improvements |
$ |
26,276 |
|
|
$ |
25,024 |
|
| Machinery and equipment |
17,158 |
|
|
15,977 |
|
| Computer equipment and software |
10,353 |
|
|
6,071 |
|
| Furniture and fixtures |
2,729 |
|
|
1,804 |
|
| Land |
1,547 |
|
|
3,245 |
|
| Vehicles |
1,306 |
|
|
1,283 |
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| Construction in progress |
14,599 |
|
|
15,780 |
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| Property, plant, and equipment, gross |
73,968 |
|
|
69,184 |
|
| Less: accumulated depreciation and amortization |
(10,435) |
|
|
(9,733) |
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| Total property, plant and equipment, net |
$ |
63,533 |
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|
$ |
59,451 |
|
The portion of depreciation expense related to production and distribution facilities is included in cost of goods sold including occupancy costs on the unaudited consolidated statements of operations. Depreciation expense recorded in cost of goods sold and general and administrative expenses was as follows:
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Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
| Cost of goods sold |
$ |
343 |
|
|
$ |
207 |
|
|
$ |
688 |
|
|
$ |
412 |
|
| General and administrative |
1,276 |
|
|
811 |
|
|
2,636 |
|
|
1,586 |
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| Total depreciation expense |
$ |
1,619 |
|
|
$ |
1,018 |
|
|
$ |
3,324 |
|
|
$ |
1,998 |
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