v3.25.1
Property, plant and equipment
12 Months Ended
Dec. 31, 2024
Property, plant and equipment  
Property, plant and equipment

Note 7 - Property, plant and equipment

Property, plant and equipment consisted of the following as of December 31, 2024 and 2023:

December 31,

    

2024

    

2023

Leasehold land and buildings

$

59,242

$

59,186

Leasehold improvements

18

18

Machinery and equipment

 

27

 

19

Vehicles and office equipment

 

656

 

469

Total

 

59,943

 

59,692

Impairment

 

(1,554)

 

(1,554)

Less: accumulated depreciation

 

(13,476)

 

(11,365)

Plant and equipment, net

$

44,913

$

46,773

Depreciation expense was $2,108, $2,103 and $1,952 for the years ended December 31, 2024, 2023 and 2022, respectively.

During the course of the Company’s strategic review of its operations in the years ended December 31, 2024, 2023 and 2022, the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of approximately $nil, $nil and $139, respectively.