Ascent Industries Co. Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2023

Property, plant and equipment consist of the following:


(in thousands)	March 31, 2023		December 31, 2022
Land	$	723	$	723
Leasehold improvements	4,203		4,114
Buildings	1,534		1,534
Machinery, fixtures and equipment	114,780		113,413
Construction-in-progress	2,866		3,270
	124,106		123,054
Less: accumulated depreciation and amortization	(82,661)		(80,708)
Property, plant and equipment, net	$	41,445	$	42,346

The following table sets forth depreciation expense related to property, plant and equipment:


	Three Months Ended March 31,
(in thousands)	2023		2022
Cost of sales	$	1,917	$	2,054
Selling, general and administrative	74		62
Total depreciation	$	1,991	$	2,116