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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

5. PROPERTY AND EQUIPMENT

 

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

          
   September 30,   December 31, 
   2024   2023 
Office furniture and equipment  $227   $227 
Computer equipment and software   265    248 
Land, buildings and leasehold improvements   8,098    7,935 
Autos   746    616 
Machinery and equipment   9,412    9,200 
Total property and equipment   18,748    18,226 
Less accumulated depreciation   (3,839)   (1,713)
Property and Equipment, net  $14,909   $16,513 

 

Depreciation expense during the three months and nine months ended September 30, 2024 and September 30, 2023 was $0.7 million, $2.1 million, $0.1 million and $0.3 million, respectively.