Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.20.1
Property, Plant and Equipment
 12 Months Ended
Dec. 31, 2019
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,     December 31,      
    2019     2018     Estimated Useful Life
Land   $ 504     $ 504      
Building improvements     3,113       3,059     10-39 years
Machinery     4,285       4,126     3-7 years
Computer equipment     472       457     3-5 years
Furniture and fixtures     207       207     5 years
      8,581       8,353      
Less: accumulated depreciation     (6,252 )     (5,854 )    
Total property, plant and equipment, net   $ 2,328     $ 2,499      

 

Depreciation expense incurred for Fiscal 2019 and 2018 from continuing operations were $398,000 and $383,000, respectively.