ProPhase Labs, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 PROPERTY, PLANT AND EQUIPMENT

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

	December 31,
	2013		2012		Estimated Useful Life


Land	$	504	$	504
Buildings and improvements		2,852		2,597	10 - 39 years
Machinery and equipment		2,812		2,771	3 - 7 years
Computer software		271		164	3 years
Furniture and fixtures		189		189	5 years
		6,628		6,225

Less: Accumulated depreciation		4,064		3,860
	$	2,564	$	2,365

Depreciation expense for Fiscal 2013, 2012 and 2011 was $243,000, $252,000, and $355,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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