Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2026

Property, Plant and Equipment [Abstract]

NOTE 5 – Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:


	As of
	June 30,			December 31,
	2026			2025
Land and land improvements	$	399		$	399
Buildings and improvements		74,402			73,248
Machinery and equipment(1)		283,204			276,416
Less: Accumulated depreciation		(268,892	)		(260,322	)
Property, plant and equipment, net	$	89,113		$	89,741

(1) Includes $4,637 of platinum which is depleted based on actual usage. See Note 1, “Basis of Presentation,” for further discussion.

Depreciation expense for the three months ended June 30, 2026 and June 30, 2025 was $4,750 and $4,508, respectively. Depreciation expense for the six months ended June 30, 2026 and June 30, 2025 was $9,522 and $8,970, respectively.