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Note 6 - Property and Equipment | 6 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Property, Plant and Equipment Disclosure [Text Block] | Note 6. Property and Equipment Property and equipment is stated at cost and depreciated using the straight-line method over the estimated useful life of the asset which varies from 10 to 30 years for land improvements; 5 to 50 years in the case of buildings and improvements; and from 3 to 10 years for machinery and equipment, vehicles and office furniture and equipment. Leasehold improvements are included in building improvements and amortized on a straight-line basis over the shorter of their estimated useful lives or term of the lease. Major additions and improvements are charged to the property and equipment accounts while replacements, maintenance and repairs, which do not improve or extend the life of the respective asset, are expensed as incurred. The cost of assets retired or otherwise disposed of and the related accumulated depreciation is eliminated from the accounts in the year of disposal. Property and equipment at June 30, 2025 and December 31, 2024 consists of the following (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Land and land improvements |  | $ | 17,071 |  |  | $ | 17,071 |
Buildings and improvements |  |  | 54,752 |  |  |  | 54,673 |
Machinery and equipment |  |  | 10,402 |  |  |  | 9,866 |
Office furniture and fixtures |  |  | 10,630 |  |  |  | 10,568 |
Vehicles |  |  | 1,125 |  |  |  | 1,065 |
Construction in progress |  |  | 1,382 |  |  |  | 1,136 |
|  |  | 95,362 |  |  |  | 94,379 |
Less accumulated depreciation and amortization |  |  | (40,779 | ) |  |  | (38,797 | )
Property and equipment, net |  | $ | 54,583 |  |  | $ | 55,582 |
At June 30, 2025, the Company did not have any significant fixed contractual commitments for construction projects. Avalon reviews the carrying value of its long-lived assets whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If indicators of impairment exist, Avalon would determine whether the estimated undiscounted sum of the future cash flows of such assets and their eventual disposition is less than its carrying amount. If less, an impairment loss would be recognized if, and to the extent that the carrying amount of such assets exceeds their respective fair value. Avalon would determine the fair value by using quoted market prices, if available, for such assets; or if quoted market prices are not available, Avalon would discount the expected estimated future cash flows. During the first six months of 2025 and 2024, no triggering events were present.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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