Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

v2.4.1.9
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2014
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,
 
 
 
 
 
2014
 
2013
 
Estimated Useful Life
 
 
 
 
 
 
 
 
 
Land
 
$
504
 
$
504
 
 
 
Buildings and improvements
 
 
3,016
 
 
2,852
 
10 - 39 years
 
Machinery and equipment
 
 
2,933
 
 
2,812
 
3 - 7 years
 
Computer software
 
 
291
 
 
271
 
3 years
 
Furniture and fixtures
 
 
196
 
 
189
 
5 years
 
 
 
 
6,940
 
 
6,628
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Accumulated depreciation
 
 
4,341
 
 
4,064
 
 
 
 
 
$
2,599
 
$
2,564
 
 
 
 
Depreciation expense for Fiscal 2014, 2013 and 2012 was $277,000, $243,000 and $252,000, respectively.