Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.3.1.900
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

 

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

 

    December 31,      
    2015     2014     Estimated Useful Life
                 
Land   $ 504     $ 504      
Buildings and improvements     3,016       3,016     10 - 39 years
Machinery and equipment     3,623       2,933     3 - 7 years
Computer equipment and software     319       291     3 - 5 years
Furniture and fixtures     196       196     5 years
      7,658       6,940      
                     
Less: Accumulated depreciation     4,708       4,341      
    $ 2,950     $ 2,599      

 

Depreciation expense for Fiscal 2015, 2014 and 2013 was $367,000, $277,000 and $243,000, respectively.