PROPERTY, PLANT AND EQUIPMENT, NET |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PROPERTY, PLANT AND EQUIPMENT, NET | NOTE 9 - PROPERTY, PLANT AND EQUIPMENT, NET
For the three months ended June 30, 2026 and 2025, we recorded depreciation expense of $506 and $519, respectively. For the three months ended June 30, 2026 our Ranor segment recorded a disposal with a book value of $2. The Company has a signed agreement to make equipment upgrades for a certain customer. We recognize new purchases as a fixed asset and billings for reimbursement from the customer as a contra-asset. Future depreciation of the asset will be offset directly by the amortization of the contra-asset on a net basis in the statement of operations. The amortization period will match the schedule of depreciation set forth under our policies. |
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