General form of registration statement for all companies including face-amount certificate companies

Property and Equipment

v3.21.2
Property and Equipment
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Property, Plant and Equipment [Abstract]    
Property and Equipment
5. Property and Equipment
Property and equipment consisted of the following (in thousands):
 
    
As of September 30,
2021
    
As of December 31,
2020
 
Greenhouse facility
   $ 9,281      $ 5,203  
Equipment
     2,059        1,621  
Land
     3,558        345  
Leasehold improvements
     3,947        —    
Construction-in-progress
     4,058        1,541  
    
 
 
    
 
 
 
Less: Accumulated depreciation
     (679      (287
    
 
 
    
 
 
 
Property and equipment, net
   $ 22,224      $ 8,423  
    
 
 
    
 
 
 
Depreciation expense related to property and equipment was $392 thousand for the nine months ended September 30, 2021, as compared to $182 thousand for the nine months ended September 30, 2020.
4. Property and Equipment
Property and equipment as of December 31, 2020 and 2019, consisted of the following (in thousands):
 
    
As of December 31,
 
    
  2020  
    
  2019  
 
Greenhouse facility
     5,203        —    
Equipment
     1,621        20  
Land
     345        345  
Construction-in-progress
     1,541        3,378  
    
 
 
    
 
 
 
Less: Accumulated depreciation
     (287      —    
    
 
 
    
 
 
 
Property and equipment, net
   $ 8,423      $ 3,743  
    
 
 
    
 
 
 
Depreciation expense related to property and equipment was $287 thousand and $0 for the years ended December 31, 2020 and 2019, respectively.