Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
 4. PROPERTY, PLANT AND EQUIPMENT
Property, Plant and Equipment
The components of property, plant and equipment (“PPE”) are as follows:
March 31, 2023 (unaudited) December 31, 2022
Buildings and building components $ 91,892  $ 80,697 
Land 14,087  14,085 
Leasehold improvements 44,893  43,472 
Machinery and equipment 27,615  27,615 
Furniture, fixtures and office equipment (including computer) 17,496  16,126 
Construction-in-process 8,242  20,086 
Total property, plant and equipment - gross $ 204,225  $ 202,081 
Less: Accumulated depreciation (29,138) (24,326)
Total property, plant and equipment - net $ 175,087  $ 177,755 
Construction-in-process represents assets under construction for manufacturing and retail build-outs not yet ready for use.
PP&E depreciation was $4,812 and $2,550 for the three months ended March 31, 2023 and 2022, respectively. Interest expense capitalized to PPE totaled $188 and $744 for the three months ended March 31, 2023 and 2022, respectively.