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Note 9 - Property and Equipment
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 9 PROPERTY AND EQUIPMENT

 

Property and equipment at September 30, 2025 and December 31, 2024 are comprised as follows:

 

(in thousands)

 

September 30, 2025

 
  

Cost

  

Accumulated Depreciation

  

Carrying Value

 

Leasehold improvements

 $504  $316  $188 

Furniture and fixtures

  250   208   42 

Computer hardware

  1,961   1,097   864 

Medical equipment

  662   348   314 

Vehicles

  2,631   83   2,548 

Machinery and equipment

  2,042   127   1,915 

Total

 $8,050  $2,179  $5,871 

 

(in thousands)

 

December 31, 2024

 
  

Cost

  

Accumulated Depreciation

  

Carrying Value

 

Leasehold improvements

  583   346   237 

Furniture and fixtures

  256   228   28 

Computer hardware

  1,675   874   801 

Medical equipment

  701   263   438 

Vehicles

  72   9   63 

Total

 $3,287  $1,720  $1,567 

 

During the third quarter of 2025, the Company acquired vehicles and machinery and equipment with an estimated fair value of $2.3 million and $1.7 million, respectively, as part of the acquisitions of Roundhouse, Advanced Plumbing and Southside Plumbing.

 

For the three months ended September 30, 2025 and September 30, 2024, depreciation expense related to medical equipment and certain computer hardware of $0.1 million and $0.1 million, respectively ($0.2 million and $0.1 million for the nine months ended September 30, 2025 and  September 30, 2024, respectively), is included in cost of services sold in the unaudited consolidated statements of operations.  For the three months ended September 30, 2025 and September 30, 2024, depreciation expense on all other property and equipment of $0.3 million and $0.1 million, respectively ($0.4 million and $0.4 million for the nine months ended September 30, 2025 and  September 30, 2024, respectively), is included in general and administrative expenses in the unaudited consolidated statements of operations.