v3.26.1
Note 7 - Property and Equipment
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 7.  Property and Equipment 

 

Property and equipment by major asset class consist of the following as of June 30, 2026 and  December 31, 2025 (in thousands): 

 

  

June 30,

  

December 31,

 
  

2026

  

2025

 

Land

 $1,520  $1,574 

Building and improvements

  6,985   7,314 

Machinery and equipment

  20,666   20,056 

Computers and software

  2,207   2,186 

Furniture and fixtures

  466   497 

Vehicles

  148   170 

Right of use assets - finance leases

  14,229   14,590 
   46,221   46,387 

Less: Accumulated depreciation and amortization

  (27,490)  (26,749)
   18,731   19,638 

Construction in progress

  837   211 

Property and equipment, net

 $19,568  $19,849 

 

The following table presents the depreciation expense associated with the respective income statement line items for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Cost of sales

                

Cost of product sales

 $601  $505  $1,151  $1,008 

Cost of services

  244   224   494   436 

Selling, general and administrative expenses

  444   506   937   995 

Total depreciation

 $1,289  $1,235  $2,582  $2,439 

 

We evaluate our property and equipment for impairment whenever changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. We determined there were no triggering events that indicated potential impairment of our property and equipment for the three and six months ended June 30, 2026 and 2025, and accordingly no impairment loss has been recorded.