PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2025

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

NOTE 5: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are presented at cost, net of accumulated depreciation, and consist of the following:

(in thousands)	Estimated
December 31,	Useful Lives	2025		2024
Land	N/A	$	1,233	$	1,233
Buildings	7-40		27,428		26,643
Operating equipment	3-15		19,948		19,368
Furniture and fixtures	5-7		3,637		3,476
Vehicles	5-10		7,946		7,936
Gross property, plant and equipment			60,192		58,656
Less: accumulated depreciation			(37,542)		(34,409)
		$	22,650	$	24,247

Depreciation expense was $3.1 million in 2025, $2.8 million in 2024 and $2.4 million in 2023. The Company had accounts payable for purchases of property and equipment of $116 thousand as of December 31, 2024 and $11 thousand as of December 31, 2023. There were no unpaid purchases of property and equipment as of December 31, 2025.