v3.24.3
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant, and equipment, net consists of the following (in thousands):
    Estimated Useful Lives (Years)
September 30,
2024		December 31, 2023
LandN/A$840 $840 
Building and land improvements
5-40
13,946 13,134 
Machinery and equipment
3-5
22,746 17,528 
Furniture and fixtures
3-7
2,772 2,766 
Vehicles
5
125 125 
40,429 34,393 
Less: accumulated depreciation(12,374)(9,557)
Property, plant and equipment, net$28,055 $24,836 

Depreciation expense for the three months ended September 30, 2024 and 2023 was $1.3 million and $0.7 million, respectively. During the three months ended September 30, 2024 and 2023, $1.1 million and $0.5 million, respectively, of depreciation expense was allocated to cost of revenue and $0.2 million and $0.2 million, respectively, of depreciation expense was allocated to operating expenses.
Depreciation expense for the nine months ended September 30, 2024 and 2023 was $3.6 million and $1.7 million, respectively. During the nine months ended September 30, 2024 and 2023, $2.9 million and $1.2
million, respectively, of depreciation expense was allocated to cost of revenue and $0.7 million and $0.5 million, respectively, of depreciation expense was allocated to operating expenses.