Property and Equipment
|12 Months Ended|
Dec. 31, 2020
|Property Plant And Equipment [Abstract]|
|Property and Equipment||
NOTE 5—PROPERTY AND EQUIPMENT
Property and equipment consists of the following (in thousands):
Depreciation expense was $4.1 million and $2.0 million for the years ended December 31, 2020 and 2019, respectively.
In connection with the continued expansion of the Company’s facilities, at December 31, 2020 and 2019, the Company had net Asset Retirement Obligation (ARO) assets totaling $0.8 million and $1.0 million, respectively. The ARO assets are included in Leasehold improvements.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef