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.