PROPERTY AND EQUIPMENT, NET
|3 Months Ended|
Mar. 31, 2023
|Property, Plant and Equipment [Abstract]|
|PROPERTY AND EQUIPMENT, NET||
(8) PROPERTY AND EQUIPMENT, NET
The Company’s property and equipment, net, at March 31, 2023 and December 31, 2022 was comprised of the following (in thousands):
The Company recorded $1.0 million and $0.7 million of depreciation expense related to property and equipment in the three months ended March 31, 2023 and 2022, respectively.
The Company disposed of equipment it had previously purchased in connection with its planned acquisition of The Harvest Foundation LLC ("Harvest") in Nevada as a result of the Company's withdrawal from the agreement to purchase Harvest. The Company recorded a loss on these asset disposals aggregating $0.9 million, which is included as a component of Other (expense) income, net, in the condensed consolidated statement of operation for the three months ended March 31, 2023.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef