XML 35 R17.htm IDEA: XBRL DOCUMENT v3.25.1
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

8. PROPERTY, PLANT AND EQUIPMENT, NET

 

 

   2024   2023 
   December 31, 
   2024   2023 
   (in thousands) 
Land  $22,857   $23,368 
Buildings   54,026    54,282 
Machinery and equipment   60,498    58,986 
Assets in progress   6,661    10,263 
Others   5,036    5,336 
Total   149,078    152,235 
Less accumulated depreciation   (47,433)   (44,979)
Total  $101,645   $107,256 

 

Depreciation expense was $4,338 and $4,494 for the years ended December 31, 2024, and 2023, respectively.

 

 

FORAFRIC GLOBAL PLC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Continued)