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PROPERTY, PLANT, AND EQUIPMENT
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT PROPERTY, PLANT, AND EQUIPMENT
Property, plant and equipment and related depreciation are summarized in the table below:

December 31, 2023December 31, 2022
Land$774 $774 
Buildings & improvements12,584 13,784 
Construction in process7,165 82 
Furniture, equipment & other8,855 8,963 
Leasehold improvements19,966 19,544 
Total$49,344 $43,147 
Less: accumulated depreciation(12,795)(8,733)
Total property and equipment, net$36,549 $34,414 

Depreciation expense related to continuing operations for the year ended December 31, 2023 and 2022 was $3.1 million and $2.6 million respectively, of which $2.4 million and $2.4 million, respectively, is included in cost of goods sold.

Unless specifically excluded in the LI Lending note, all property, plant, and equipment is secured by LI Lending as collateral on the LI Lending note (Note 11). In November 2022, the Company amended the lease agreement for its facility in Matteson, Illinois to increase the tenant improvement allowance under the lease by $19.9 million. Refer to Note 9 for further information.
On November 17, 2023, the Company entered into an agreement with a third party to sell a significant piece of equipment for a sale price of $1.4 million, of which $0.95 million is to be received in cash with the remaining $0.5 million contemplated in a promissory note receivable.