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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 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:
December 31,
20252024
(In thousands)
Machinery and equipment$12,501 $14,687 
Vehicles573 404 
Furniture and fixtures999 528 
Computer hardware and software1,574 1,218 
Land2,877 2,876 
Building and leasehold improvements8,398 9,078 
26,922 28,791 
Accumulated depreciation and amortization(5,631)(4,926)
Property, plant and equipment, net$21,291 $23,865 
Total depreciation and amortization expense for the assets above in the consolidated statements of operations and comprehensive income (loss) was $4.4 million and $2.6 million for the years ended December 31, 2025 and 2024, respectively. Our Intellectual Property Operations, Manufacturing Operations and parent company include depreciation and amortization in general and administrative expenses. For the years ended December 31, 2025 and 2024, our Industrial Operations allocated depreciation and amortization, totaling $438,000 and $991,000, respectively, to all applicable operating expense categories, including cost of sales of $302,000 and $501,000, respectively. Refer to Note 8 regarding our Manufacturing Operations property and equipment disposals that include assets sold pursuant to an asset purchase agreement during the year ended December 31, 2025.