Clever Leaves General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

PROPERTY, PLANT AND EQUIPMENT, NET

PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

11. PROPERTY, PLANT AND EQUIPMENT, NET

The Company has property, plant, and equipment related to land, buildings and warehouses, leasehold improvements, laboratory, and construction in progress. The additions, disposals, depreciation, and net book values are as follows:

Cost	Land		Buildings & warehouse		Laboratory equipment		Agricultural equipment		Computer equipment		Furniture & appliances		Construction- in-progress			Other		Total
Balance at December 31, 2018	$	1,439	$	2,498	$	1,573	$	41	$	324	$	104	$	624		$	84	$	6,688
Additions from business acquisitions		—		—		—		—		—		—		—			9		9
Additions		3,259		2,815		1,763		1,863		875		588		6,826			687		18,675
Balance at December 31, 2019	$	4,698	$	5,313	$	3,336	$	1,904	$	1,199	$	692	$	7,450		$	780	$	25,372
Additions, net		367		3,151		2,606		—		336		127		(3,162	)		240		3,665
Balance at December 31, 2020	$	5,065	$	8,464	$	5,942	$	1,904	$	1,535	$	819	$	4,288		$	1,020	$	29,037

Accumulated Depreciation	Land		Buildings & warehouse		Laboratory equipment		Agricultural equipment		Computer equipment		Furniture & appliances		Construction- in-progress		Other		Total
Balance at December 31, 2018	$	—	$	16	$	10	$	2	$	52	$	2	$	—	$	17	$	99
Depreciation(b)		—		111		301		170		180		100		—		37		898
Balance at December 31, 2019	$	—	$	127	$	311	$	172	$	232	$	102	$	—	$	54	$	997
Depreciation(a)		—		560		526		438		518		209		—		108		2,359
Balance at December 31, 2020	$	—	$	687	$	837	$	610	$	750	$	311	$	—	$	162	$	3,356

Net Book Value	Land		Buildings & warehouse		Laboratory equipment		Agricultural equipment		Computer equipment		Furniture & appliances		Construction- in-progress		Other		Total
Balance at December 31, 2018		1,439		2,482		1,563		39		272		102		624		67		6,588
Balance at December 31, 2019		4,698		5,186		3,025		1,732		967		590		7,450		726		24,374
Balance at December 31, 2020	$	5,065	$	7,777	$	5,105	$	1,294	$	785	$	508	$	4,288	$	858	$	25,680

____________

(a) Includes approximately $1,050 and $685 of depreciation included in inventory and cost of goods sold, respectively.

(b) Includes approximately $100 and $nil of depreciation included in inventory and cost of goods sold, respectively.

Construction in progress primarily relate to on-going construction of the Company’s Colombian facilities.

Certain amounts may not add due to rounding.