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Note 9 - Property and Equipment
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 9 – Property and Equipment

 

The following table summarizes the book value of our assets and accumulated depreciation (in thousands):

 

  

December 31,

  

December 31,

 
  

2023

  

2022

 

Land

 $472  $472 

Buildings and improvements

  4,147   4,115 

Furniture and fixtures

  730   663 

Accumulated depreciation

  (1,069)  (897)

Total property and equipment, net

 $4,280  $4,353 

 

We own our corporate headquarters in Goose Creek, SC. Excess capacity is leased to an unrelated third party. Gross rental income was approximately $186 thousand and $195 thousand during the years ended December 31, 2023 and December 31, 2022, respectively, and is reflected on the line item, "Other miscellaneous income," in our consolidated statement of income.

 

Depreciation expense related to property and equipment totaled approximately $172 thousand and $201 thousand during the years ended  December 31, 2023 and December 31, 2022, respectively.