v3.25.2
Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 5 – Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land and land improvements

 

$

399

 

 

$

399

 

Buildings and improvements

 

 

73,423

 

 

 

73,011

 

Machinery and equipment

 

 

272,284

 

 

 

265,950

 

Less: Accumulated depreciation

 

 

(252,576

)

 

 

(245,003

)

Property, plant and equipment, net

 

$

93,530

 

 

$

94,357

 

 

Depreciation expense for the three months ended June 30, 2025 and June 30, 2024 was $4,508 and $4,518, respectively. Depreciation expense for the six months ended June 30, 2025 and June 30, 2024 was $8,970 and $9,018, respectively.