M-tron Industries, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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FY2024 · Filed Mar 27, 2025
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Other Financial Statement Information
13.** Other Financial Statement Information
Inventories, Net
Inventories are valued at the lower of cost or net realizable value using thefirst-in,first-out ("FIFO") method. The Company reduces the value of its investments 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* December 31, 2024and2023* are summarized below:
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Raw materials | $4,349 | $4,368 |
| Work in process | 4,876 | 4,150 |
| Finished goods | 1,720 | 1,634 |
| Total gross inventory | 10,945 | 10,152 |
| Reserve for excess and obsolete inventory | (1,436) | (1,268) |
| Inventories, net | $9,509 | $8,884 |
Property Plant and Equipment, Net
The components of property, plant and equipment as of* December 31, 2024and2023* are summarized below:
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Land | $536 | $536 |
| Buildings and improvements | 5,496 | 5,216 |
| Machinery and equipment | 21,664 | 20,046 |
| Gross property, plant and equipment | 27,696 | 25,798 |
| Less: Accumulated depreciation | (22,635) | (21,667) |
| Property, plant and equipment, net | $5,061 | $4,131 |
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