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PROPERTY, PLANT AND EQUIPMENT, NET
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following:
March 31, 2025December 31, 2024
(In thousands)
Machinery and equipment$15,173 $14,687 
Vehicles525 404 
Furniture and fixtures519 528 
Computer hardware and software1,191 1,218 
Land2,876 2,876 
Building and leasehold improvements9,153 9,078 
29,437 28,791 
Accumulated depreciation and amortization(6,083)(4,926)
Property, plant and equipment, net$23,354 $23,865 
Total depreciation and amortization expense in the condensed consolidated statements of operations and comprehensive income (loss) was $1.3 million and $280,000 for the three months ended March 31, 2025 and 2024, respectively. Our Intellectual Property Operations and parent company include depreciation and amortization in general and administrative expenses. Our Manufacturing Operations include $1.1 million of depreciation and amortization in general and administrative expenses for the three months ended March 31, 2025. For the three months ended March 31, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $117,000 and $252,000, respectively, to all applicable operating expense categories, including cost of sales of $80,000 and $106,000, respectively.