| PROPERTY AND EQUIPMENT, NET |
9. PROPERTY AND EQUIPMENT, NET
At March 31, 2025 and December
31, 2024, property and equipment consisted of:
| Schedule of property and equipment | |
| | | |
| | |
| | |
March 31, 2025 | | |
December 31, 2024 | |
| Building, land and improvements | |
$ | 82,208,000 | | |
$ | 80,822,000 | |
| Crypto assets mining equipment | |
| 12,150,000 | | |
| 12,150,000 | |
| Crane rental equipment | |
| 35,680,000 | | |
| 34,588,000 | |
| Computer, software and related equipment | |
| 9,619,000 | | |
| 11,308,000 | |
| Aircraft | |
| 15,983,000 | | |
| 15,983,000 | |
| Other property and equipment | |
| 11,282,000 | | |
| 11,417,000 | |
| | |
| 166,922,000 | | |
| 166,268,000 | |
| Accumulated depreciation and amortization | |
| (25,685,000 | ) | |
| (21,911,000 | ) |
| Property and equipment, net | |
$ | 141,237,000 | | |
$ | 144,357,000 | |
Summary of depreciation expense:
| Schedule of depreciation | |
| | |
| |
| | |
For the Three Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Depreciation expense | |
$ | 5,075,000 | | |
$ | 5,584,000 | |
|