Note 5 - Property and Equipment

3 Months Ended

Mar. 29, 2025

Property, Plant and Equipment Disclosure [Text Block]

5. Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation and amortization, and are depreciated or amortized on the straight-line method at rates calculated to provide for retirement of assets at the end of their estimated useful lives. Computer hardware and software, and furniture and office equipment are typically depreciated over five years. Leasehold improvements are amortized over the shorter of the estimated life of the asset or the lease term.

Property and equipment comprise the following:

	March 29, 2025		December 28, 2024
Computers and systems	$	8,807	$	8,448
Equipment and furniture		316		306
Leasehold improvements		642		590
Laboratory equipment		201		196
	$	9,966	$	9,540

Less: accumulated depreciation and amortization		2,595		2,172

Property and equipment, net	$	7,371	$	7,368

The Company periodically writes off fully depreciated and amortized assets. The Company did not write off any fully depreciated and amortized assets during the thirteen week periods ended March 29, 2025 and March 30, 2024. Depreciation and amortization expense of property and equipment for the thirteen weeks ended March 29, 2025 and March 30, 2024 was $424 and $287, respectively.

RCM TECHNOLOGIES, INC. 10-Q