BRC Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Property, Plant and Equipment, Net
- Property, Plant and Equipment, Net
Property, plant and equipment, net consists of the following (dollars in thousands, unaudited):
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Building and leasehold improvements | $29,707 | $29,098 |
| Machinery and equipment | 19,949 | 18,856 |
| Computer equipment and software | 14,421 | 6,847 |
| Furniture and fixtures | 2,813 | 2,856 |
| Land | 1,547 | 1,547 |
| Vehicles | 889 | 889 |
| Construction in progress | 12,661 | 21,602 |
| Property, plant, and equipment, gross | 81,987 | 81,695 |
| Less: accumulated depreciation and amortization | (15,818) | (13,369) |
| Total property, plant and equipment, net | $66,169 | $68,326 |
The total depreciation expense for internal use software was $989 and $183 for the three months ended March 31, 2024 and 2023, respectively.
Substantially all long-lived assets are located in the United States.
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