v3.26.1
Property Plant and Equipment
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property Plant and Equipment

Note 3. Property Plant and Equipment

 

Property and equipment, net consist of the following:

  

   March 31,   December, 31 
   2026   2025 
Land  $357,000   $357,000 
Building   1,834,000    1,834,000 
Manufacturing equipment   2,559,000    2,335,000 
Customer equipment   1,426,000    1,426,000 
Construction in progress   5,051,000    5,139,000 
 Property and equipment, gross   11,227,000    11,091,000 
Less: accumulated depreciation   (2,866,000)   (2,794,000)
Property and equipment, net of depreciation  $8,361,000   $8,297,000 

 

Depreciation expense related to these assets was approximately $72,000 and $53,000 for the three-months periods ending March 31, 2026 and 2025, respectively. Depreciation expense in cost of revenue was $55,000 and $7,000 for the three-month periods ending March 31, 2026 and 2025, respectively.

 

Assets subject to financing leases consist of the following:

 

   March 31,   December, 31 
   2026   2025 
Manufacturing equipment  $118,000   $106,000 
Customer equipment   33,000    33,000 
Construction in progress   921,000    866,000 
 Property and equipment, gross   1,072,000    1,005,000 
Less: accumulated depreciation   (20,000)   (15,000)
Property and equipment, net of depreciation  $1,052,000   $990,000 

 

Depreciation expense related to leased assets amounted to $5,000 and $2,000 for the three-month periods ending March 31, 2026 and 2025, respectively.