v3.26.1
Note 5 - Long-lived Assets
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

5.

Long-lived Assets

 

Long-lived assets, net, consists of the following:

 

  

June 30, 2026

  

December 31, 2025

 

Ground support equipment

 $2,988  $2,882 

Machinery and equipment

  8,281   7,719 

Buildings

  8,001   7,993 

Land

  1,620   1,620 

Other equipment and fixtures

  2,300   1,899 

Purchase deposits and construction in progress

  3,515   2,658 
   26,705   24,771 

Accumulated depreciation

  (4,401)  (3,415)
  $22,304  $21,356 

 

Depreciation expense for the three and six months ended June 30, 2026 totaled approximately $0.4 million and $0.7 million, respectively. Depreciation expense for the three and six months ended June 30, 2025 totaled approximately $0.3 million and $0.5 million, respectively. Capitalized depreciation of long-lived assets included in cost of construction totaled approximately $0.2 million and $0.3 million for the three and six months ended June 30, 2026, respectively. Capitalized depreciation of long-lived assets included in cost of construction totaled approximately $0.1 million and $0.4 million for the three and six months ended June 30, 2025, respectively. As of June 30, 2026 and December 31, 2025, long-lived assets included approximately $3.5 million and $2.7 million, respectively, of purchase deposits towards long-lived assets and construction in progress which are not being depreciated as the assets have not been placed into service.