Clever Leaves Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2021

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. Property, plant and equipment, net consisted of the following:

	December 31, 2021			December 31, 2020
Land	$	5,065		$	5,065
Building & warehouse		13,381			8,464
Laboratory equipment		6,295			5,942
Agricultural equipment		2,404			1,904
Computer equipment		1,681			1,534
Furniture & appliances		852			819
Construction in progress(b)		5,709			4,288
Other		1,247			1,020
Property, plant and equipment, gross		36,634			29,036
Less: accumulated depreciation		(5,702	)		(3,356	)
Property, plant and equipment, net	$	30,932		$	25,680

(a) The Company recorded total depreciation expense in the Consolidated Statement of Operations for approximately $2,346 and $2,359 in 2021 and 2020, respectively. Total depreciation for the year ended December 31, 2021 includes approximately $1,133 and $586 of depreciation, included in inventory and cost of goods sold, respectively. Total depreciation for the year ended December 31, 2020 includes approximately $1,051 and $685 of depreciation, included in inventory and costs of goods sold, respectively.

(b) Construction in progress primarily relate to on-going construction of the Company’s Colombian and Portugal facilities.