Note 11 - Other Financial Statement Information

9 Months Ended

Sep. 30, 2025

Additional Financial Information Disclosure [Text Block]

11. Other Financial Statement Information

Inventories, Net

Inventories are valued at the lower of cost or net realizable value using the first-in, first-out ("FIFO") method. The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item.

The components of inventory as of September 30, 2025 and December 31, 2024 are summarized below:

	*September 30, 2025*			*December 31, 2024*
Raw materials	$	4,169		$	4,349
Work in process		5,132			4,876
Finished goods		1,560			1,720
Total gross inventory		10,861			10,945
Reserve for excess and obsolete inventory		(1,586	)		(1,436	)
Inventories, net	$	9,275		$	9,509

Property, Plant and Equipment, Net

The components of property, plant and equipment as of September 30, 2025 and December 31, 2024 are summarized below:

	*September 30, 2025*			*December 31, 2024*
Land	$	536		$	536
Buildings and improvements		5,705			5,496
Machinery and equipment		23,617			21,664
Gross property, plant and equipment		29,858			27,696
Less: Accumulated depreciation		(23,392	)		(22,635	)
Property, plant and equipment, net	$	6,466		$	5,061

M-tron Industries, Inc. 10-Q