Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT, NET

v3.22.4
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

 

6. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consists of the following (in thousands):

 

               
    December 31,  
    2022     2021  
Plant, machinery and equipment   $ 34,482     $ 34,149  
Furniture and fixtures     774       708  
Leasehold improvements     2,712       2,676  
      37,968       37,533  
Accumulated depreciation     (30,617 )     (29,792 )
Total Property, plant and equipment, net   $ 7,351     $ 7,741  

 

Depreciation expense totalled approximately $3.6 million and $3.1 million for the years ended December 31, 2022 and 2021, respectively.