Note 4 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4.             PROPERTY AND EQUIPMENT, NET

Property and equipment from continuing operations is summarized as follows:

	At December 31,
(In thousands)	2021			2020
Leasehold improvements	$	272		$	—
Equipment		32,762			2,714
Property and equipment, gross		33,034			2,715
Less accumulated depreciation		(3,396	)		(631	)
Property and equipment, net	$	29,638		$	2,084

Depreciation expense from continuing operations for the years ended  December 31, 2021 and 2020 was $5.0 million and $0.6 million, respectively. For the year ended December 31, 2021, depreciation totals included $0.4 million that was classified as cost of revenues in the Telecommunications segment, $4.0 million that was classified as cost of revenues in the Electric Power segment and $54 thousand as cost of revenues in the Renewables segment.

During the year ended December 31, 2021, the Company's continuing operations disposed of $0.2 million of property and equipment with an accumulated depreciation at disposal of $39 thousand. Cash and non-cash proceeds from sale was $0.2 million and a gain of $14 thousand.

During the year ended December 31, 2020, the Company's continuing operations disposed of $0.3 million of property and equipment including a $93 thousand trade in with a total accumulated depreciation at disposal of $0.2 million and a loss of $25 thousand.