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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following (in thousands):

          
   March 31,   December 31, 
   2024   2023 
Office furniture and equipment  $227   $227 
Computer equipment and software   244    248 
Land, buildings and leasehold improvements   7,771    7,935 
Autos   649    616 
Machinery and equipment   9,073    9,200 
Total property and equipment   17,964    18,226 
Less accumulated depreciation   (2,367)   (1,713)
Property and Equipment, net  $15,597   $16,513 

 

Depreciation expense during the three months ended March 31, 2024 and March 31, 2023 was $0.7 million and $0.1 million, respectively.