Property, Plant and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 8. Property, Plant and Equipment

Property, plant and equipment include the following (in thousands):

	June 30, 2024			December 31, 2023
Land	$	47		$	2,342
Buildings and improvements		3,367			9,469
Machinery and other equipment		671			678
Office furniture and fixtures		332			377
Total property, plant and equipment, cost		4,417			12,866
Less: accumulated depreciation		(1,299	)		(1,751	)
Property, plant and equipment, net	$	3,118		$	11,115

As discussed in Note 1, the Company sold the Digital Ignition business during the second quarter of 2024.

Depreciation expense approximated $0.1 million and $0.2 million during the three months ended June 30, 2024 and 2023, respectively, and $0.3 million and $0.4 million during the six months ended June 30, 2024 and 2023, respectively.