| Property And Equipment |
6. PROPERTY AND EQUIPMENT
A reconciliation of the beginning and ending balances of property and equipment and accumulated depreciation during the three months ended March 31, 2022 and property and equipment, net as of December 31, 2021 are as follows:
|
|
Land and |
|
|
Leasehold |
|
|
Furniture |
|
|
|
|
|
|
|
|
Construction |
|
|
Right of |
|
|
|
|
(in thousands) |
|
Buildings |
|
|
Improvements |
|
|
and Fixtures |
|
|
Equipment |
|
|
Vehicles |
|
|
in Process |
|
|
Use Assets |
|
|
Total |
|
Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance—December 31, 2021 |
|
$ |
15,907 |
|
|
$ |
13,950 |
|
|
$ |
50 |
|
|
$ |
2,992 |
|
|
$ |
921 |
|
|
$ |
703 |
|
|
$ |
41,530 |
|
|
$ |
76,053 |
|
Additions |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
108 |
|
|
|
- |
|
|
|
375 |
|
|
|
- |
|
|
|
483 |
|
Business Acquisitions |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Disposals and Transfers |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance—March 31, 2021 |
|
$ |
15,907 |
|
|
$ |
13,950 |
|
|
$ |
50 |
|
|
$ |
3,100 |
|
|
$ |
921 |
|
|
$ |
1,078 |
|
|
$ |
41,530 |
|
|
$ |
76,536 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance—December 31, 2021 |
|
$ |
(132 |
) |
|
$ |
(980 |
) |
|
$ |
(48 |
) |
|
$ |
(618 |
) |
|
$ |
(566 |
) |
|
$ |
- |
|
|
$ |
(8,930 |
) |
|
$ |
(11,274 |
) |
Depreciation |
|
|
(52 |
) |
|
|
(405 |
) |
|
|
(10 |
) |
|
|
(107 |
) |
|
|
(38 |
) |
|
|
- |
|
|
|
(817 |
) |
|
|
(1,429 |
) |
Disposals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance—March 31, 2022 |
|
$ |
(184 |
) |
|
$ |
(1,385 |
) |
|
$ |
(58 |
) |
|
$ |
(725 |
) |
|
$ |
(604 |
) |
|
$ |
- |
|
|
$ |
(9,747 |
) |
|
$ |
(12,703 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Book Value-March 31, 2022 |
|
$ |
15,723 |
|
|
$ |
12,565 |
|
|
$ |
(8 |
) |
|
$ |
2,375 |
|
|
$ |
317 |
|
|
$ |
1,078 |
|
|
$ |
31,783 |
|
|
$ |
63,833 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Book Value-December 31, 2021 |
|
$ |
15,775 |
|
|
$ |
12,970 |
|
|
$ |
2 |
|
|
$ |
2,374 |
|
|
$ |
355 |
|
|
$ |
703 |
|
|
$ |
32,600 |
|
|
$ |
64,779 |
|
Construction in process represent assets under construction related to cultivation, manufacturing, and distribution facilities not yet completed or otherwise not placed in service.
Depreciation expense of $1,429 and $899 were recorded for the three months ended March 31, 2022 and 2021, respectively, of which $1,260 and $584 respectively, were included in cost of goods sold. Depreciation expense of $143 was also recorded in other income (expense) for the three months ended March 31, 2022.
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