v3.26.1
Property, plant and equipment, net
12 Months Ended
Dec. 31, 2025
Property, plant and equipment, net.  
Property, plant and equipment, net

Note 7 - Property, plant and equipment, net

Property, plant and equipment, net consisted of the following as of December 31, 2025 and 2024:

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

Leasehold land and buildings

$

59,307

$

59,242

Leasehold improvements

69

18

Machinery and equipment

 

28

 

27

Vehicles and office equipment

 

432

 

656

Total

 

59,836

 

59,943

Impairment

 

(14,998)

 

(1,554)

Less: accumulated depreciation

 

(15,429)

 

(13,476)

Plant and equipment, net

$

29,409

$

44,913

Depreciation expense was $2,133, $2,108 and $2,103 for the years ended December 31, 2025, 2024 and 2023, respectively.

During the course of the Company’s strategic review of its operations in the years ended December 31, 2025, 2024 and 2023, the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of approximately $13,444, nil and nil, respectively.