Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
March 31, December 31,
2023 2022
(in thousands)
Machinery, equipment, and vehicles $ 33,271 $ 32,774
Land 19,296 19,296
Buildings and leasehold improvements 56,322 55,392
Construction-in-progress 96,171 56,753
Less: Accumulated depreciation (8,153) (6,371)
Property and equipment, net $ 196,907 $ 157,844

Depreciation expense related to property and equipment was $1.8 million and $0.5 million for the three months ended March 31, 2023 and 2022, respectively.