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PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

6. PROPERTY AND EQUIPMENT

 

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

          
   March 31,   December 31, 
   2025   2024 
Office furniture and equipment  $227   $227 
Computer equipment and software   290    283 
Land, buildings and leasehold improvements   7,868    7,528 
Autos   770    769 
Machinery and equipment   9,514    9,207 
Total property and equipment   18,669    18,014 
Less accumulated depreciation   (5,138)   (4,310)
Property and Equipment, net  $13,531   $13,704 

 

Depreciation expense during the three months ended March 31, 2025 and 2024 was $0.7 million for both years. For the three months ended March 31, 2025 and 2024, depreciation expense recognized in Operating expenses was $0.1 million in both years and $0.6 million and $0.1 million in Cost of Goods Sold, respectively.