Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.1
Property and Equipment
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:

December 31,
2022 2021
(in thousands)
Machinery, equipment, and vehicles $ 32,774 $ 3,683
Land 19,296 4,122
Buildings and leasehold improvements 55,392 14,141
Construction-in-progress 56,753 16,375
Less: Accumulated depreciation (6,371) (971)
Property and equipment, net $ 157,844 $ 37,350
Depreciation expense related to property and equipment was $5.4 million and $0.7 million for the years ended December 31, 2022 and 2021, respectively.