Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment, Net (Tables)

v3.25.1
Property, Plant and Equipment, Net (Tables)
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net
Estimated useful lives are as follows:

Estimated Useful Lives
Land
Building and Leasehold improvements
5 - 39 years
Computer equipment and software
3 years
Machinery and equipment
5 - 15 years
Vehicles
5 years
Property, plant and equipment, net consists of the following (dollars in thousands):

March 31, December 31,
2025 2024
(unaudited) (audited)
Building and leasehold improvements $ 27,476  $ 27,429 
Machinery and equipment 20,041  19,946 
Computer equipment and software 19,024  17,814 
Furniture and fixtures 2,949  2,949 
Land 1,547  1,547 
Vehicles 762  762 
Construction in progress 9,544  10,925 
Property, plant, and equipment, gross 81,343  81,372 
Less: accumulated depreciation and amortization (24,698) (22,168)
Total property, plant and equipment, net $ 56,645  $ 59,204