LIFECORE BIOMEDICAL, INC. \DE\
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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Jun 30, 2026 · Filed Aug 5, 2026
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Property, plant and equipment, net
- Property, plant and equipment, net
All property, plant and equipment is located in the United States. The following table presents the components of property, plant and equipment:
| June 30,2026 | December 31,2025 | |
|---|---|---|
| Land and land improvements | $3,491 | $3,491 |
| Buildings and building improvements | 86,078 | 82,021 |
| Machinery and equipment | 82,596 | 82,139 |
| Computer equipment and software | 9,634 | 7,852 |
| Furniture and fixtures | 1,422 | 1,422 |
| Construction in process | 3,627 | 9,539 |
| Property, plant, and equipment, gross | 186,848 | 186,464 |
| Less: accumulated depreciation | (63,134) | (59,160) |
| Property, plant, and equipment, net | $123,714 | $127,304 |
On January 7, 2025, the Company entered into an agreement for the sale of certain excess equipment. The aggregate purchase price was$17,000. Lifecore received$7,000 cash and paid fees of$752 at closing. Lifecore also accepted a note for the remainder of the proceeds (see note 4) and recorded current and noncurrent payables of$800 and$200, respectively, for selling fees due to a third-party broker. The note and the payables were each cash-settled in June 2025. The sale resulted in a $21,239 reduction in idle construction in process. The Company recorded a loss on the sale of the equipment of$6,400, which is included in loss on sale or disposal of assets, net of portion classified as cost of sales, within the statement of operations.
Depreciation expense for property, plant and equipment for thethree months ended June 30, 2026 and May 25, 2025 was$2,515 and $1,913, respectively. Depreciation expense for property, plant and equipment for thesix months ended June 30, 2026 and May 25, 2025 was $4,825 and $3,990, respectively.
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