XML 26 R11.htm IDEA: XBRL DOCUMENT v3.23.3
Note 5 - Property and Equipment
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 5. Property and equipment

 

The components of property and equipment, net, as of September 30, 2023 and  December 31, 2022 were as follows (in thousands):

 

  

September 30,

  

December 31,

 
  

2023

  

2022

 

Land

 $3,734  $3,734 

Buildings

  15,980   15,980 

Site improvements

  494   470 

Tenant improvements

  3,018   3,016 

Furniture and equipment

  868   851 

Construction in progress

     13 

Gross property and equipment

 $24,094  $24,064 

Accumulated depreciation

  (2,017)  (1,200)

Property and equipment, net

 $22,077  $22,864 

 

Depreciation expense for property and equipment was $273,000 and $181,000 for the three months ended September 30, 2023 and 2022, respectively. Depreciation expense for property and equipment was $817,000 and $533,000 for the nine months ended September 30, 2023 and 2022, respectively.