v3.25.4
Note 3 - Property and Equipment and Building Construction in Progress
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

3. Property and Equipment and Building Construction in Progress         

 

Property and equipment consisted of the following as of December 31, 2025 and 2024 (in thousands):

 

   

2025

   

2024

 

Computer and office equipment

  $ 293     $ 290  

Furniture and fixtures

    133       133  

Land

    1,418       1,418  

Scientific equipment

    16,689       16,491  

Vehicles

    112       112  

Building

    24,173       24,173  

Mobile facility

    189       189  

Construction in process

    1,792       1,705  

Accumulated depreciation

    (21,670 )     (19,985 )
    $ 23,129     $ 24,526  

 

Depreciation expenses related to property and equipment amounted to approximately $1.7 million for both the years ended December 31, 2025, and 2024. Construction in process is related to research and development, manufacturing equipment and design plans for an operating facility. Depreciation expense is allocated between research and development and general and administrative expense line items on the consolidated statements of operations. The allocation is as follows for the years ended December 31,2025 and 2024 (in thousands):

 

 

   

2025

   

2024

 

Research and development

  $ 1,683     $ 1,742  

General and administrative

    3       3  
    $ 1,686     $ 1,745