Note 7 - Assets Held for Rent

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022:

(In thousands)	2023			2022
Shippers placed in service	$	8,132		$	7,671
Fixed assets held for rent		4,686			4,686
Accumulated depreciation		(5,451	)		(4,952	)
Subtotal		7,367			7,405
Shippers and related components in production		1,638			1,659
Total	$	9,005		$	9,064

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 $843,000 and $896,000 in depreciation expense related to assets held for rent during the three months ended March 31, 2023 and 2022, respectively.