Note 6 - Property and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment Disclosure [Text Block]

6.	PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	*September 30,*			*December 31,*
	*2025*			*2024*
Office furniture and equipment	$	238		$	227
Computer equipment and software		290			283
Land, buildings and leasehold improvements		8,703			7,528
Autos		773			769
Machinery and equipment		10,197			9,207
Total property and equipment		20,201			18,014
Less accumulated depreciation		(6,613	)		(4,310	)
Property and Equipment, net	$	13,588		$	13,704

Depreciation expense during the three months ended September 30, 2025 and 2024 was $0.6 million and $0.7 million respectively. For the nine months ended September 30, 2025 and 2024, depreciation expense was $1.9 million and $2.1 million respectively. For the three months and nine months ended September 30, 2025 and 2024, depreciation expense recognized in Operating expenses was $0.1 million and $0.2 million in both periods respectively. Depreciation recognized in Cost of Goods Sold for the three months ended September 30, 2025 and 2024 was $0.6 million and $0.1 million respectively. Depreciation recognized in Cost of Goods Sold for the nine months ended September 30, 2025 and 2024 was $1.7 million and $0.3 million respectively.

Beam Global 10-Q