Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.19.3
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2019
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):

 

    September 30, 2019     December 31, 2018     Estimated Useful Life
Land   $ 504     $ 504      
Building improvements     3,113       3,059     10-39 years
Machinery     4,257       4,126     3-7 years
Computer equipment     457       457     3-5 years
Furniture and fixtures     207       207     5 years
      8,538       8,353      
Less: accumulated depreciation     (6,156 )     (5,854 )    
Total property, plant and equipment, net   $ 2,382     $ 2,499      

 

Depreciation expense incurred for the three months ended September 30, 2019 and 2018 was $100,000 and $97,000, respectively. Depreciation expense incurred for the nine months ended September 30, 2019 and 2018 was $302,000 and $287,000, respectively.