v3.25.2
Note 6 - Property and Equipment
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 6.  Property and Equipment

 

Property and equipment by major asset class consist of the following as of June 30, 2025 and  December 31, 2024 (in thousands): 

 

  

June 30,

  

December 31,

 
  

2025

  

2024

 

Land

 $1,587  $1,501 

Building and improvements

  7,354   6,792 

Machinery and equipment

  19,583   19,769 

Computers and software

  2,246   2,175 

Furniture and fixtures

  489   460 

Vehicles

  140   128 

Right of use assets - finance leases

  13,732   13,751 
   45,131   44,576 

Less: Accumulated depreciation and amortization

  (24,841)  (23,519)
   20,290   21,057 

Construction in progress

  180   226 

Property and equipment, net

 $20,470  $21,283 

 

The following table presents the depreciation expense associated with the respective income statement line items for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Cost of sales

                

Cost of product sales

 $505  $459  $1,008  $927 

Cost of services

  224   194   436   342 

Selling, general and administrative expenses

  506   481   995   938 

Total depreciation

 $1,235  $1,134  $2,439  $2,207 

 

We evaluate our property and equipment for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. We determined there were no triggering events that indicated potential impairment of our property and equipment for the three and six months ended June 30, 2025 and 2024, and accordingly no impairment loss has been recorded.