v3.26.1
PROPERTY PLANT AND EQUIPMENT AND INVESTMENT IN REAL ESTATE
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY PLANT AND EQUIPMENT AND INVESTMENT IN REAL ESTATE

9. PROPERTY PLANT AND EQUIPMENT AND INVESTMENT IN REAL ESTATE

 

Property, plant and equipment consisted of the following as of December 31:

 

   Estimated        
   Useful Life  2025   2024 
Machinery and equipment  5-10 years  $10,211,000   $9,998,000 
Building and improvements  39 years   317,000    317,000 
Furniture and fixtures  7 years   441,000    432,000 
Software and websites  3 years   240,000    240,000 
Total Cost      11,209,000    10,987,000 
Less: accumulated depreciation      6,390,000    5,606,000 
Property, plant and equipment, net     $4,819,000   $5,381,000 

 

Depreciation expense for the years ended December 31, 2025 and 2024 was $803,000 and $878,000 respectively.

 

Investment in real estate consisted of the following at December 31:

 

   Estimated        
   Useful Life  2025   2024 
Building and improvements  1-30 years  $11,708,000   $- 
Land      5,236,000    - 
Total Cost      16,944,000    - 
Less: accumulated depreciation      307,000    - 
Real estate, net     $16,637,000   $- 

 

Depreciation expense for the years ended December 31, 2025 and 2024 was $698,000 and $98,000 respectively.