v3.26.3
Note 5 - Property and Equipment
9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 5. Property and equipment

 

The components of property and equipment, net, as of September 30, 2026 and  December 31, 2025 were as follows (in thousands):

 

  

September 30,

  

December 31,

 
  

2026

  

2025

 

Land

 $3,734  $3,734 

Buildings

  15,980   15,980 

Site improvements

  494   494 

Tenant improvements

  3,545   3,468 

Furniture and equipment

  891   891 

Construction in progress

  —   25 

Other

  198   193 

Gross property and equipment

 $24,842  $24,785 

Accumulated depreciation

  (4,841)  (4,139)

Property and equipment, net

 $20,001  $20,646 

 

Depreciation expense for property and equipment was $0.2 million for each of the three months ended September 30, 2026 and 2025.

 

Depreciation expense for property and equipment was $0.7 and $0.6 million for the nine months ended September 30, 2026 and 2025, respectively.