v3.25.3
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
 5. PROPERTY, PLANT AND EQUIPMENT
The components of property, plant and equipment (“PPE”) are as follows:
September 30, 2025 (unaudited)December 31, 2024
Buildings and building components$90,932 $89,124 
Land12,956 12,956 
Leasehold improvements51,710 47,514 
Machinery and equipment24,392 23,959 
Furniture, fixtures and office equipment (including computer)23,711 22,597 
Construction-in-process7,451 2,533 
Total property, plant and equipment - gross
211,152 198,683 
Less: Accumulated depreciation(66,690)(54,620)
Total property, plant and equipment - net
$144,462 $144,063 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
Depreciation was $4,214 and $4,520 for the three months ended September 30, 2025 and 2024, respectively, and $13,151 and $14,403 for the nine months ended September 30, 2025 and 2024, respectively. Interest expense capitalized to PPE totaled $149 and $0 for the three months ended September 30, 2025 and 2024, respectively, and $254 and $0 for the nine months ended September 30, 2025 and 2024, respectively.