BRC Inc.
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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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, 2025 · Filed Aug 4, 2025
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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):
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | (audited) | |
| Building and leasehold improvements | $24,110 | $27,429 |
| Machinery and equipment | 20,033 | 19,946 |
| Computer equipment and software | 19,132 | 17,814 |
| Furniture and fixtures | 2,937 | 2,949 |
| Land | 110 | 1,547 |
| Vehicles | 762 | 762 |
| Construction in progress | 10,336 | 10,925 |
| Property, plant, and equipment, gross | 77,420 | 81,372 |
| Less: accumulated depreciation and amortization | (28,069) | (22,168) |
| Total property, plant and equipment, net | $49,351 | $59,204 |
The total depreciation expense for internal use software was $2,725 and $4,059 for the three and six months ended June 30, 2025, respectively, and $1,014 and $2,003 for the three and six months ended June 30, 2024, respectively.
All long-lived assets are located in the United States.
Assets Held for Sale
During the second quarter of 2025, management committed to a plan to sell office property located in Salt Lake City, Utah. As of June 30, 2025, the Company reclassified the carrying value of this office property to assets held for sale. The property, including the land, building and improvements had a net carrying value of $4,294 and was previously classified within "Property, plant and equipment, net" on the consolidated balance sheet. On July 17, 2025, the Company entered into an agreement to sell this Salt Lake City property for $5,350, which sale is expected to close in 60 days from the date of the agreement, or September 15, 2025.
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