Property, Plant and Equipment

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment

Property, Plant and Equipment

7.Property, Plant and Equipment

Property, plant and equipment consist of the following:

(In thousands)	September 30,		December 31,
	2022		2021
Furniture and equipment	$	1,169	$	1,728
Leasehold improvements		6,944		1,133
Construction in progress		7,358		12,095
Total property, plant and equipment, gross		15,471		14,956
Accumulated depreciation and amortization		(1,604)		(1,817)
Impairment of property, plant and equipment		—		(427)
	$	13,867	$	12,712

In the third quarter of 2022, CASI Wuxi obtained the Certificate for Pharmaceutical Distribution, and then transferred certain assets related to the manufacturing facility in Wuxi from construction in process to leasehold improvements and furniture and equipment and started to depreciate those assets.