Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 - Property and Equipment

The major categories of property and equipment are as follows as of December 31st:

	2023		2022
(in thousands)
Automobiles	$	137	$	137
Furniture and office equipment		579		582
Software and tools		1,466		1,927
Website development and other enhancements		189		189
Building and leasehold improvements		812		811
		3,183		3,646
Less accumulated depreciation		2,339		2,648
Property and equipment, net	$	844	$	998

As of December 31, 2023, the Company disposed of software acquired during the acquisition of SHS in the amount of $0.6 million, which was fully depreciated. Management determined the software was no longer going to be utilized for its intended purpose of external sale.

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements

Total depreciation expense for the years ended December 31, 2023 and 2022 was approximately $0.3 million and $0.4 million, respectively. Depreciation expense for assets recorded under finance leases for the years ended December 31, 2023 and 2022 was approximately $15,000 and $10,000, respectively.