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Note 5 - Property and Equipment
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 and  December 31, 2024 were as follows (in thousands):

 

   

March 31,

   

December 31,

 
   

2025

   

2024

 

Land

  $ 3,734     $ 3,734  

Buildings

    15,980       15,980  

Site improvements

    494       494  

Tenant improvements

    3,062       3,062  

Furniture and equipment

    875       875  

Construction in progress

    55       55  

Other

    31       37  

Gross property and equipment

  $ 24,231     $ 24,237  

Accumulated depreciation

    (3,450 )     (3,236 )

Property and equipment, net

  $ 20,781     $ 21,001  

 

Depreciation expense for property and equipment was $0.2 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively.