Note 5 - Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

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


	March 31, 2026			December 31, 2025

Building	$	1,770		$	1,770
Land		917			917
Equipment		15,928			15,457
Leasehold improvements		3,892			3,864
Construction in progress1		77,304			60,793
Property and equipment		99,811			82,801
Less accumulated depreciation		(7,328	)		(6,204	)
Property and equipment, net	$	92,483		$	76,597

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.