Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.20.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2020
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):

 

    March 31,     December 31,      
    2020     2019     Estimated Useful Life
Land   $ 504     $ 504      
Building improvements     3,113       3,113     10-39 years
Machinery     4,376       4,285     3-7 years
Computer equipment     458       472     3-5 years
Furniture and fixtures     207       207     5 years
      8,658       8,581      
Less: accumulated depreciation     (6,295 )     (6,251 )    
Total property, plant and equipment, net   $ 2,363     $ 2,329      

 

Depreciation expense incurred for the three months ended March 31, 2020 and 2019 was $82,000 and $101,000, respectively. During the three months ended March 31, 2020, we wrote off fully depreciated assets and accumulated depreciation totaling $38,000.