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Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 6 – Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Land and land improvements

 

$

536

 

 

$

536

 

Buildings and improvements

 

 

74,178

 

 

 

74,188

 

Machinery and equipment

 

 

265,155

 

 

 

261,435

 

Less: Accumulated depreciation

 

 

(248,110

)

 

 

(243,567

)

Property, plant and equipment, net

 

$

91,759

 

 

$

92,592

 

 

Depreciation expense for the three months ended June 30, 2024 and June 30, 2023 was $4,518 and $4,400, respectively. Depreciation expense for the six months ended June 30, 2024 and June 30, 2023 was $9,018 and $8,807, respectively.