v3.26.1
Note 5 - Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 5. Property, Plant and Equipment, Net

 

The components of our property, plant and equipment are summarized below (in thousands):

 

  

December 31,

  

December 31,

 
  

2025

  

2024

 

Property, plant and equipment:

      

Machinery and equipment, at cost

 $69,909  $67,917 

Less: accumulated depreciation and amortization

  (47,028)  (44,065)

Building, at cost

  145,952   137,420 

Less: accumulated depreciation and amortization

  (31,577)  (26,310)

Leasehold improvements, at cost

  8,112   7,575 

Less: accumulated depreciation and amortization

  (6,981)  (6,347)

Construction in progress

  23,473   23,531 
  $161,860  $159,721 

 

As of December 31, 2025, the balance of construction in progress was $23.5 million, of which $18.3 million was related to our buildings in our Dingxing and Kazuo locations, $1.3 million was for manufacturing equipment purchases not yet placed in service and $3.8 million was from our construction in progress for our other consolidated subsidiaries. As of December 31, 2024, the balance of construction in progress was $23.5 million, of which $17.9 million was related to our buildings in our Dingxing and Kazuo locations, $1.4 million was for manufacturing equipment purchases not yet placed in service and $4.3 million was from our construction in progress for our other consolidated subsidiaries. 

 

Depreciation and amortization expense was $9.1 million, $9.0 million and $8.7 million for the years ended December 31, 2025, 2024 and 2023, respectively.