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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

6.   PROPERTY AND EQUIPMENT

 

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

          
   June 30,   December 31, 
   2025   2024 
Office furniture and equipment  $227   $227 
Computer equipment and software   291    283 
Land, buildings and leasehold improvements   8,682    7,528 
Autos   772    769 
Machinery and equipment   10,239    9,207 
Total property and equipment   20,211    18,014 
Less accumulated depreciation   (5,382)   (4,310)
Property and Equipment, net  $14,829   $13,704 

 

Depreciation expense during the three months ended June 30, 2025 and 2024 was $0.6 million and $0.7 million respectively. For the six months ended June 30, 2025 and 2024, depreciation expense was $1.3 million and $1.4 million respectively. For the three and six months ended June 30, 2025 and 2024, depreciation expense recognized in Operating expenses was $0.1 million and $0.2 million in both years respectively. Depreciation recognized in Cost of Goods Sold for the three months ended June 30, 2025 and 2024 was $0.5 million and $0.1 million respectively. Depreciation recognized in Cost of Goods Sold for the six months ended June 30, 2025 and 2024 was $1.1 million and $0.2 million respectively.