Quarterly report [Sections 13 or 15(d)]

Note 7 - Property, Equipment and Leasehold Improvements

v3.25.3
Note 7 - Property, Equipment and Leasehold Improvements
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 7  PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

 

Property, equipment, and leasehold improvements consisted of the following:

 

   

(in thousands)

 
   

September 30,

   

December 31,

 
   

2025

   

2024

 

Furniture and Equipment

  $ 284     $ 41  

Computer Hardware

    227       52  

Leasehold Improvements

    2,273       621  

Vehicles

    280       7  

Subtotal

    3,064       721  

Less Accumulated Depreciation

    (2,589 )     (454 )

Property, Equipment and Leasehold Improvements, Net

  $ 475     $ 267  

 

Depreciation expense related to continuing operations was $0.1 million and $0.15 million for the three months ended September 30, 2025 and 2024, respectively, and $0.28 million and $0.43 million for the nine months ended September 30, 2025 and 2024, respectively.