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Note 5 - Property and Equipment
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 5. Property and equipment

 

The components of property and equipment, net, as of June 30, 2024 and  December 31, 2023 were as follows (in thousands):

 

  

June 30,

  

December 31,

 
  

2024

  

2023

 

Land

 $3,734  $3,734 

Buildings

  15,980   15,980 

Site improvements

  494   494 

Tenant improvements

  3,062   3,062 

Furniture and equipment

  873   868 

Gross property and equipment

 $24,143  $24,138 

Accumulated depreciation

  (2,779)  (2,284)

Property and equipment, net

 $21,364  $21,854 

 

Depreciation expense for property and equipment was $244,000 and $272,000 for the three months ended June 30, 2024 and 2023, respectively. Depreciation expense for property and equipment was $496,000 and $544,000 for the six months ended June 30, 2024 and 2023, respectively.