BRC Inc
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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):
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Building and leasehold improvements | $30,292 | $29,098 |
| Machinery and equipment | 20,476 | 18,856 |
| Computer equipment and software | 14,743 | 6,847 |
| Furniture and fixtures | 2,893 | 2,856 |
| Land | 1,547 | 1,547 |
| Vehicles | 889 | 889 |
| Construction in progress | 12,719 | 21,602 |
| Property, plant, and equipment, gross | 83,559 | 81,695 |
| Less: accumulated depreciation and amortization | (18,175) | (13,369) |
| Total property, plant and equipment, net | $65,384 | $68,326 |
The total depreciation expense for internal use software was $1,014 and $2,003 for the three and six months ended June 30, 2024, respectively and $179 and $532 for the three and six months ended June 30, 2023, respectively.
Substantially all long-lived assets are located in the United States.
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