Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
September 30, December 31,
2022 2021
(in thousands)
Machinery, equipment, and vehicles $ 30,752 $ 3,683
Land 18,469 4,122
Buildings and leasehold improvements 53,670 14,141
Construction-in-progress 41,908 16,375
Less: Accumulated depreciation (4,436) (971)
Property and equipment, net $ 140,363 $ 37,350
Depreciation expense related to property and equipment was $1,651 thousand and $142 thousand for the three months ended September 30, 2022 and 2021, respectively, and $3,477 thousand and $392 thousand for the nine months ended September 30, 2022 and 2021, respectively.