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Note 5 - Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

The Company’s property and equipment consisted of the following as of:

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

(in thousands)

 

Building

 

$

1,770

 

 

$

1,770

 

Land

 

 

1,283

 

 

 

1,283

 

Equipment

 

 

9,470

 

 

 

2,683

 

Leasehold improvements

 

 

3,490

 

 

 

179

 

Other1

 

 

319

 

 

 

330

 

Property and equipment

 

 

16,332

 

 

 

6,245

 

Less accumulated depreciation

 

 

(1,585

)

 

 

(669

)

Property and equipment, net

 

$

14,747

 

 

$

5,576

 

1.
Property and equipment not placed in service are items that meet the capitalization threshold, or which management believes will meet the threshold at the time of completion and which have yet to be placed into service as of the date of the balance sheets and, therefore, no depreciation expense has been recognized.