Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

v3.22.2
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

(8) PROPERTY AND EQUIPMENT, NET

 

The Company’s property and equipment, net, at June 30, 2022 and December 31, 2021 was comprised of the following (in thousands):

 

    June 30,
2022		     December 31,
2021		  
Land   $ 4,450     $ 4,450  
Buildings and building improvements     38,672       35,231  
Tenant improvements     16,990       9,745  
Furniture and fixtures     1,973       1,888  
Machinery and equipment     9,466       7,221  
Construction in progress     5,897       10,569  
Property and equipment, gross     77,448       69,104  
Less: accumulated depreciation     (8,316 )     (6,954 )
Property and equipment, net   $ 69,132     $ 62,150  

 

The amounts reported as construction in progress primarily relate to the development of facilities in Annapolis, MD, Beverly, MA and Milford, DE.