Note 5 - Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

The Company’s property and equipment consisted of the following (in thousands):


	June 30, 2025			December 31, 2024

Building	$	1,770		$	1,770
Land		917			917
Equipment		12,510			11,423
Leasehold improvements		3,833			3,570
Construction in progress1		47,991			42,601
Property and equipment		67,021			60,281
Less accumulated depreciation		(4,422	)		(2,960	)
Property and equipment, net	$	62,599		$	57,321

Property and equipment not placed in service are items that meet the capitalization threshold, or which management believes will meet the threshold at the time of completion and which have yet to be placed into service as of the date of the balance sheets and, therefore, no depreciation expense has been recognized.