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Property, Plant and Equipment, Net
9 Months Ended
Sep. 30, 2025
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

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land and land improvements

 

$

399

 

 

$

399

 

Buildings and improvements

 

 

73,423

 

 

 

73,011

 

Machinery and equipment

 

 

273,455

 

 

 

265,950

 

Less: Accumulated depreciation

 

 

(256,697

)

 

 

(245,003

)

Property, plant and equipment, net

 

$

90,580

 

 

$

94,357

 

 

Depreciation expense for the three months ended September 30, 2025 and September 30, 2024 was $4,780 and $4,255, respectively. Depreciation expense for the nine months ended September 30, 2025 and September 30, 2024 was $13,751 and $13,273, respectively.