XML 35 R19.htm IDEA: XBRL DOCUMENT v3.25.1
Note 10 - Property and Equipment
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 10 – Property and Equipment

 

The following table summarizes the book value of our assets and accumulated depreciation:

 

  

December 31,

  

December 31,

 

(in thousands)

  2024   2023 

Land

 $472  $472 

Buildings and improvements

  4,147   4,147 

Furniture and fixtures

  762   730 

Accumulated depreciation

  (1,232)  (1,069)

Total property and equipment, net

 $4,149  $4,280 

 

We own our corporate headquarters in Goose Creek, SC. Excess capacity is leased to an unrelated third party. Gross rental income was approximately $104 thousand and $186 thousand during the years ended December 31, 2024 and December 31, 2023, 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 $163 thousand and $172 thousand during the years ended  December 31, 2024 and December 31, 2023, respectively.