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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 9 – Property, Plant and Equipment

 

Property, plant and equipment consists of the following:

 

 

 

 

 

December 31,

 

 

 

 

2023

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

Buildings and improvements

 

 

$

242

 

 

 

$

162

 

Leasehold improvements

 

 

 

7,378

 

 

 

 

4,072

 

Machinery and equipment

 

 

 

50,152

 

 

 

 

37,468

 

Software

 

 

 

8,967

 

 

 

 

8,744

 

Construction in process

 

 

 

955

 

 

 

 

4,969

 

Total cost

 

 

 

67,694

 

 

 

 

55,415

 

Less: Accumulated depreciation and amortization

 

 

 

(36,436

)

 

 

 

(32,167

)

Total property, plant and equipment, net

 

 

$

31,258

 

 

 

$

23,248

 

 

Depreciation expense for the years ended December 31, 2023 and 2022 was $4,274 and $3,519, respectively.