Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.21.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 4 – Property, Plant and Equipment

 

The components of property and equipment are as follows (in thousands):

 

    March 31,     December 31,      
    2021     2020     Estimated Useful Life
Land   $ 352     $ 352      
Building improvements     1,729       1,729     10-39 years
Machinery     4,639       4,441     3-7 years
Lab equipment     4,316       1,002     3-7 years
Computer equipment     1,049       881     3-5 years
Furniture and fixtures     440       194     5 years
      12,525       8,599      
Less: accumulated depreciation     (5,447 )     (5,021 )    
Total property, plant and equipment, net   $ 7,078     $ 3,578      

 

Depreciation expense incurred for the three months ended March 31, 2021 and 2020 was $428,000 and $82,000, respectively.