Note 4 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

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)	2022			2021
Leasehold improvements	$	292		$	272
Equipment		36,200			32,762
Property and equipment, gross		36,492			33,034
Less accumulated depreciation		(13,562	)		(3,396	)
Property and equipment, net	$	22,930		$	29,638

Depreciation expense from continuing operations for the years ended  December 31, 2022 and 2021 was $15.4 million and $5.0 million, respectively. For the year ended December 31, 2022, depreciation totals included $0.6 million that was classified as cost of revenues in the Telecommunications segment, $13.2 million that was classified as cost of revenues in the Electric Power segment and $27 thousand as cost of revenues in the Renewables segment. 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, 2022, the Company's continuing operations disposed of $2.1 million of property and equipment with an accumulated depreciation at disposal of $1.4 million. Cash and non-cash proceeds from sale was $0.6 million and a loss of $49 thousand.

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.