Note 9 - Property and Equipment

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 9 – Property and Equipment

The following table summarizes the book value of our assets and accumulated depreciation (in thousands):

	December 31,			December 31,
	2022			2021
Land	$	472		$	472
Buildings and improvements		4,115			4,031
Furniture and fixtures		663			647
Accumulated depreciation		(897	)		(696	)
Total property and equipment, net	$	4,353		$	4,454

We own our corporate headquarters in Goose Creek, SC. Excess capacity is leased to unrelated third parties. Gross rental income was approximately $195 thousand and $109 thousand during the years ended December 31, 2022 and December 31, 2021, respectively, and is reflected on the line item, "Other miscellaneous income," in our consolidated statement of income.

Depreciation expense related to property and equipment totaled approximately $201 thousand and $141 thousand during the years ended  December 31, 2022 and December 31, 2021, respectively.