XML 31 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following As of December 31:

 

   2024   2023  

Depreciation and Amortization Est.

Useful Lives

   (in thousands)    
Land  $1,205   $1,205    
Buildings   6,933    6,640   39 Years
Leasehold Improvements   960    403   3-10 Years (Lesser of Life or Lease)
Equipment   18,277    17,143   3-10 Years
Property and Equipment - Gross   27,375    25,391    
Accumulated Depreciation   (17,675)   (16,440)   
Property and Equipment - Net  $9,700   $8,951 

 

The above amounts include capital related items of $341,000 and $1,349,000 as of December 31, 2024 and 2023, respectively, which had not yet been placed in service by the Company, and therefore no depreciation was recorded in the related periods for those assets. Depreciation and amortization expense was approximately $1,255,000 and $1,099,000 for the years ended December 31, 2024 and 2023, respectively.