Note 4 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4.    Property, Plant and Equipment

	Years Ended December 31,
(in thousands)	2024			2023
Buildings and building improvements	$	9,020		$	8,447
Machinery, equipment and tooling		15,768			15,503
Construction in progress		216			106
		25,004			24,056
Less accumulated depreciation and amortization		(17,999	)		(17,078	)
Property, plant and equipment, net	$	7,005		$	6,978

Depreciation and amortization expense amounted to approximately $990,000 and $1,083,000 for the years ended December 31, 2024 and 2023, respectively. Depreciation expense amounted to approximately $966,000 and $1,059,000 for the years ended December 31, 2024 and 2023, respectively. Amortization expense primarily related to equipment financing amounted to approximately $24,000 for each of the years ended December 31, 2024 and 2023, respectively.

The Company’s Right of Use (‘ROU’) assets included in machinery, equipment and tooling had a net book value of approximately $136,000 as of December 31, 2024 ($160,000 as of December 31, 2023).

As of December 31, 2024, there is approximately $216,000 ($106,000 as of December 31, 2023) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects. There is approximately $180,000 in CIP for machinery and approximately $36,000 for building improvements.