Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Property and Equipment
Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are as follows:

Asset Class Estimated Useful Life
Greenhouse Facility
30 years
Production Equipment
5 to 15 years
Office Equipment
3 years
Leasehold Improvements Shorter of lease term or useful life of asset
Property and equipment, net consisted of the following:

December 31,
2024 2023
(in thousands)
Machinery, equipment, and vehicles $ 115,373 $ 44,169
Land 19,253 19,253
Buildings and leasehold improvements 258,864 66,754
Construction-in-progress 6,039 196,324
Less: Accumulated depreciation (28,551) (13,334)
Property and equipment, net $ 370,978 $ 313,166