PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	December 31,
	2023		2022
	(In thousands)
Machinery and equipment	$	3,035	$	3,057
Furniture and fixtures	395		585
Computer hardware and software	312		660
Leasehold improvements	1,018		1,025
	4,760		5,327
Accumulated depreciation and amortization	(2,404)		(1,790)
Property, plant and equipment, net	$	2,356	$	3,537

Total depreciation and amortization expense in the consolidated statements of operations was $1.4 million for the years ended December 31, 2023 and 2022. Our Intellectual Property Operations and parent company include depreciation and amortization in general and administrative expenses. For the years ended December 31, 2023 and 2022, our Industrial Operations allocated depreciation and amortization totaling $1.3 million to all applicable operating expense categories, including cost of sales of $421,000 and $474,000, respectively.