v3.26.3
Property, Plant and Equipment, Net
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 5 – Property, Plant and Equipment, net

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

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Land and land improvements

 

$

399

 

 

$

399

 

Buildings and improvements

 

 

74,432

 

 

 

73,248

 

Machinery and equipment(1)

 

 

284,723

 

 

 

276,416

 

Less: Accumulated depreciation

 

 

(272,917

)

 

 

(260,322

)

Property, plant and equipment, net

 

$

86,637

 

 

$

89,741

 

(1) Includes $4,637 of platinum purchased in 2026 which is depleted based on actual usage. See Note 1, “Basis of Presentation,” for further discussion.

 

Depreciation expense for the three months ended September 30, 2026 and September 30, 2025 was $4,743 and $4,780, respectively. Depreciation expense for the nine months ended September 30, 2026 and September 30, 2025 was $14,266 and $13,751, respectively.