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Note 6 - Property and Equipment
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

6.

PROPERTY AND EQUIPMENT

 

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

 

  

September 30,

  

December 31,

 
  

2025

  

2024

 

Office furniture and equipment

 $238  $227 

Computer equipment and software

  290   283 

Land, buildings and leasehold improvements

  8,703   7,528 

Autos

  773   769 

Machinery and equipment

  10,197   9,207 

Total property and equipment

  20,201   18,014 

Less accumulated depreciation

  (6,613)  (4,310)

Property and Equipment, net

 $13,588  $13,704 

 

Depreciation expense during the three months ended September 30, 2025 and 2024 was $0.6 million and $0.7 million respectively. For the nine months ended September 30, 2025 and 2024, depreciation expense was $1.9 million and $2.1 million respectively. For the three months and nine months ended September 30, 2025 and 2024, depreciation expense recognized in Operating expenses was $0.1 million and $0.2 million in both periods respectively. Depreciation recognized in Cost of Goods Sold for the three months ended September 30, 2025 and 2024 was $0.6 million and $0.1 million respectively. Depreciation recognized in Cost of Goods Sold for the nine months ended September 30, 2025 and 2024 was $1.7 million and $0.3 million respectively.