Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET

v3.22.2.2
PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
(8) PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment, net, at September 30, 2022 and December 31, 2021 was comprised of the following (in thousands):
September 30,
2022		 December 31,
2021
Land $ 4,450  $ 4,450 
Buildings and building improvements 39,497  35,231 
Tenant improvements 17,005  9,745 
Furniture and fixtures 1,986  1,888 
Machinery and equipment 9,689  7,221 
Construction in progress 7,084  10,569 
79,711  69,104 
Less: accumulated depreciation (9,315) (6,954)
Property and equipment, net $ 70,396  $ 62,150 

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