PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

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

	December 31,
	2022		2021
Land	$	4,450	$	4,450
Buildings and building improvements	43,542		35,231
Tenant improvements	17,016		9,745
Furniture and fixtures	2,009		1,888
Machinery and equipment	10,087		7,221
Construction in progress	4,761		10,569
	81,865		69,104
Less: accumulated depreciation	(10,224)		(6,954)
Property and equipment, net	$	71,641	$	62,150

During the years ended December 31, 2022 and 2021, additions to property and equipment totaled $12.4 million and $18.6 million, respectively. Of the additions to property and equipment, $0.3 million and $0.7 million of such additions in the years ended December 31, 2022 and 2021, respectively, were paid for by the issuance of Company common stock.

Depreciation expense for the years ended December 31, 2022 and 2021 was $3.4 million and $2.1 million, respectively.