Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2017
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):

 

    December 31,      
    2017     2016     Estimated Useful Life
                 
Land   $ 504     $ 504      
Buildings and improvements     3,059       3,016     10 - 39 years
Machinery and equipment     4,099       4,274     3 - 7 years
Computer equipment and software     355       319     3 - 5 years
Furniture and fixtures     196       196     5 years
      8,213       8,309      
                     
Less: Accumulated depreciation     5,471       5,134      
    $ 2,742     $ 3,175      

 

Depreciation expense incurred for Fiscal 2017, 2016 and 2015 (i) from continuing operations were $315,000, $347,000 and $288,000, respectively, and (ii) attributed to and classified as discontinued operations of $22,000, $79,000 and $80,000, respectively.