PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following (in thousands):
	December 31,
	2024			2023
Land and land improvements	$	8,957		$	8,579
Buildings and improvements		13,461			10,503
Machinery and equipment		18,681			16,240
Rental equipment		12,125			11,645
Total property and equipment		53,224			46,967
Less: accumulated depreciation and amortization		(21,520	)		(19,287	)
Property and equipment, net of accumulated depreciation and amortization	$	31,704		$	27,680

Depreciation expense and amortization (in thousands) was approximately $2,664 and $2,399 for the years ended December 31, 2024 and 2023, respectively.