Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.22.1
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
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 years
Office Equipment
3 years
Leasehold Improvements Shorter of lease term or useful life of asset
Property and equipment consisted of the following:

December 31,
2021 2020
(in thousands)
Greenhouse facility $ 10,194 $ 5,203
Equipment 3,683 1,621
Land 4,122 345
Leasehold improvements 3,947 —
Construction-in-progress 16,375 1,541
Right-of-use asset (lease) 55 —
Less: Accumulated depreciation (971) (287)
Property and equipment, net $ 37,405 $ 8,423