Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

 

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

 

    December 31,        
    2011     2010     Estimated Useful Life  
                   
Land   $ 504     $ 504          
Buildings and improvements     2,494       2,281       15 - 39 years  
Machinery and equipment     2,567       2,592       3 - 7 years  
Computer software     161       192       3 years  
Furniture and fixtures     189       182       5 years  
      5,915       5,751          
                         
Less: Accumulated  depreciation     3,608       3,389          
    $ 2,307     $ 2,362          

 

Depreciation expense for Fiscal 2011, 2010 and 2009 was $355,000, $363,000, and $522,000, respectively.