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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
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,
20242023
(In thousands)
Machinery and equipment$14,687 $3,035 
Vehicles404 — 
Furniture and fixtures528 395 
Computer hardware and software1,218 312 
Land2,876 — 
Building and leasehold improvements9,078 1,018 
28,791 4,760 
Accumulated depreciation and amortization(4,926)(2,404)
Property, plant and equipment, net$23,865 $2,356 
Total depreciation and amortization expense in the consolidated statements of operations and comprehensive income (loss) was $2.6 million and $1.4 million for the years ended December 31, 2024 and 2023, respectively. Our Intellectual Property Operations and parent company include depreciation and amortization in general and administrative expenses. Our Manufacturing Operations include $1.5 million of depreciation and amortization in general and administrative expenses for the period from October 18, 2024 through December 31, 2024. For the years ended December 31, 2024 and 2023, our Industrial Operations allocated depreciation and amortization, totaling $991,000 and $1.3 million, respectively, to all applicable operating expense categories, including cost of sales of $501,000 and $421,000, respectively.