Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

v3.26.1
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

  

   

June 30, 2026

(Unaudited)

    

December 31,

2025

  
Production and shop equipment and machinery and fixtures   $ 3,654     $ 3,654  
Vehicles     177       177  
Leasehold improvements     390       390  
Computer software and office equipment     291       291  
Total property and equipment, cost     4,512       4,512  
Less: accumulated depreciation and amortization     (4,416 )     (4,384 )
Property and equipment, net     96       128  

 

Depreciation and amortization expense on property and equipment for the three months ended June 30, 2026 and 2025 was $16 and $17, respectively. During the three months ended June 30, 2026 and 2025, $15 and $16, respectively, of the depreciation expense was included in cost of sales.

 

Depreciation and amortization expense on property and equipment for the six months ended June 30, 2026 and 2025 was $32 and $34, respectively. During the six months ended June 30, 2026 and 2025, $31 and $33, respectively, of the depreciation expense was included in cost of sales.