PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	March 31, 2023		December 31, 2022
	(In thousands)
Machinery and equipment	$	3,140	$	3,057
Furniture and fixtures	577		585
Computer hardware and software	663		660
Leasehold improvements	1,019		1,025
	5,399		5,327
Accumulated depreciation and amortization	(2,124)		(1,790)
Property, plant and equipment, net	$	3,275	$	3,537

Total depreciation and amortization expense in the consolidated statements of operations was $347,000 and $335,000 for the three months ended March 31, 2023 and 2022, respectively. Our Intellectual Property Operations and parent company include depreciation and amortization in general and administrative expenses. For the three months ended March 31, 2023, our Industrial Operations allocated depreciation and amortization, totaling $313,000, to all applicable operating expense categories, including cost of sales of $111,000. For the three months ended March 31, 2022, our Industrial Operations allocated depreciation and amortization, totaling $308,000, to all applicable operating expense categories, including cost of sales of $104,000.