BRC Inc
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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):
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Building and leasehold improvements | $30,534 | $29,098 |
| Machinery and equipment | 20,755 | 18,856 |
| Computer equipment and software | 16,602 | 6,847 |
| Furniture and fixtures | 2,914 | 2,856 |
| Land | 1,547 | 1,547 |
| Vehicles | 762 | 889 |
| Construction in progress | 12,313 | 21,602 |
| Property, plant, and equipment, gross | 85,427 | 81,695 |
| Less: accumulated depreciation and amortization | (20,757) | (13,369) |
| Total property, plant and equipment, net | $64,670 | $68,326 |
The total depreciation expense for internal use software was $1,285 and $3,288 for the three and nine months ended September 30, 2024, respectively and $440 and $971 for the three and nine months ended September 30, 2023, respectively.
Substantially all long-lived assets are located in the United States.
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