Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

v3.21.1
PROPERTY, PLANT AND EQUIPMENT
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Presented in the table below are the major classes of property, plant and equipment by category as of the below dates:
As of March 31, 2021
(in thousands) Cost Accumulated Depreciation Net Book Value
Building $ 12,029  $ 464  $ 11,565 
Machinery and equipment 16,079  2,795  13,284 
Fixtures and Furnishings 104  26  78 
Land improvements 150  145 
Land 1,150  —  1,150 
Construction in process 82,166  —  82,166 
Total property, plant and equipment $ 111,678  $ 3,290  $ 108,388 
As of December 31, 2020
(in thousands) Cost Accumulated
Depreciation
Net Book Value
Building $ 12,029  $ 387  $ 11,642 
Machinery and equipment 15,982  2,388  13,594 
Fixtures and Furnishings 104  22  82 
Land improvements 150  147 
Land 1,150  —  1,150 
Construction in process 43,603  —  43,603 
Total property, plant and equipment $ 73,018  $ 2,800  $ 70,218 
Depreciation expense is recorded within operating costs in the condensed consolidated statements of operations and amounted to $490 thousand and $465 thousand for the three months ended March 31, 2021 and 2020, respectively.