Property and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net, as of March 31, 2024 and December 31, 2023 consist of the following:


	March 31, 2024		December 31, 2023
Land	$	2,833	$	2,833
Building and improvements	18,839		18,839
Leasehold improvements	442		445
Machinery and equipment	6,001		5,989
Revenue-generating assets	60,425		60,984
Office and computer equipment	14,931		14,213
Motor vehicles	31		31
	103,502		103,334
Less accumulated depreciation	(57,272)		(55,654)
	$	46,230	$	47,680

Depreciation expense was $3,147 and $3,368 for the three months ended March 31, 2024 and 2023, respectively.

Certain revenue-generating hardware assets are utilized by the Company in the delivery of the Company's airtime services, media and other content.

As of March 31, 2024 and December 31, 2023, the long-lived tangible assets related to the Company’s international subsidiaries were less than 10% of the Company’s long-lived tangible assets.