Registration of securities issued in business combination transactions

Note 13 - Property and Equipment, Net

v3.24.2.u1
Note 13 - Property and Equipment, Net
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Notes to Financial Statements    
Property, Plant and Equipment Disclosure [Text Block]

Note 11. Property and Equipment, net

 

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

 

   

March 31, 2024

   

December 31, 2023

 
   

(Unaudited)

   

(Audited)

 

Building

  $ 2,116     $ 2,116  

Vehicles

    585       595  

Office furniture and fixtures

    543       527  

Land

    184       184  

Leasehold improvements

    167       124  

Computer equipment

    117       117  

Rental equipment

    63       60  

Appliques

    2,160       2,160  

Website development

    611       587  

Construction in progress

          22  

Property and equipment gross

    6,546       6,492  

Less: accumulated depreciation

    (2,700 )     (2,503 )

Property and equipment, net

  $ 3,846     $ 3,989  

 

Depreciation expense was approximately $203,000 and $155,000 for the three months ended March 31, 2024 and 2023, respectively.

 

Note 13. Property and Equipment, net

 

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

 

   

December 31, 2023

   

December 31, 2022

 

Building

  $ 2,116     $  

Vehicles

    595        

Office furniture and fixtures

    527       128  

Land

    184        

Leasehold improvements

    124       48  

Computer equipment

    117       72  

Rental equipment

    60       38  

Appliques

    2,160       2,160  

Website development

    587       665  

Construction in progress

    22        

Property and equipment gross

    6,492       3,111  

Less: accumulated depreciation

    (2,503 )     (1,865 )

Property and equipment, net

  $ 3,989     $ 1,246  

 

Depreciation expense was approximately $758,000 and $465,000 for the twelve months ended December 31, 2023 and 2022, respectively.

 

The increase in property and equipment was attributable to the consolidation of Progressive Care as of  July 1, 2023.