Note 7 - Assets Held for Rent

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Assets Held For Rent [Text Block]

7. Assets held for rent

Assets held for rent consist of the following as of December 31, 2022 and 2021:

(In thousands)	2022			2021
Shippers placed in service	$	7,671		$	5,645
Fixed assets held for rent		4,686			4,040
Accumulated depreciation		(4,952	)		(2,272	)
Net		7,405			7,413
Shippers and related components in production		1,659			2,396
Total	$	9,064		$	9,809

Shippers and related components in production include shippers complete and ready to be deployed and placed in service upon a customer order, shippers in the process of being assembled, and components available to build shippers. We recognized $3.5 million, $1.9 million, and $671,000 in depreciation expense related to assets held for rent during the years ended December 31, 2022, 2021, and 2020, respectively.