Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT

v3.25.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following (in thousands):

 

   

December 31, 2024

    

December 31, 2023

  
Production and shop equipment and machinery and fixtures   $ 3,654     $ 3,636  
Vehicles     177       177  
Leasehold improvements     390       390  
Computer software and office equipment     291       291  
Total property and equipment, cost     4,512       4,494  
Less: accumulated depreciation and amortization     (4,316 )     (4,150 )
Property and equipment, net   $ 196     $ 344  

 

Depreciation and amortization expense on property and equipment for the years ended December 31, 2024 and 2023 was $167 and $387 respectively. During the years ended December 31, 2024 and 2023, $160 and $374, respectively, of depreciation expense was included in cost of sales for the years then ended.