PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2026

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, 2026		December 31, 2025
	(In thousands)
Machinery and equipment	$	13,186	$	12,501
Vehicles	510		573
Furniture and fixtures	986		999
Computer hardware and software	1,591		1,574
Land	2,540		2,877
Building and leasehold improvements	7,375		8,398
	26,188		26,922
Accumulated depreciation and amortization	(5,957)		(5,631)
Property, plant and equipment, net	$	20,231	$	21,291

Total depreciation and amortization expense for the assets above in the consolidated statements of operations and comprehensive income (loss) was $567,000 and $1.3 million for the three months ended March 31, 2026 and 2025, respectively. Our Intellectual Property Operations, Manufacturing Operations and parent company include depreciation and amortization in general and administrative expenses. For the three months ended March 31, 2026 and 2025, our Industrial Operations allocated depreciation and amortization, totaling $83,000 and $117,000, respectively, to all applicable operating expense categories, including cost of sales of $62,000 and $83,000, respectively. During the three months ended March 31, 2026, Deflecto completed the sale of a portion of its U.K. facility with net proceeds of $1.6 million, which were used to paydown the outstanding Deflecto Facility.