Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.22.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 5 - Property, Plant and Equipment

 

The components of property, plant and equipment are as follows (in thousands):

 

   

March 31,

2022

    

December 31,

2021

     Estimated Useful Life
Land   $ 352     $ 352      
Building improvements     1,729       1,729     10-39 years
Machinery     4,740       4,740     3-7 years
Lab equipment     4,936       4,330     3-7 years
Computer equipment     1,589       1,211     3-5 years
Furniture and fixtures     468       468     5 years
 Property, Plant and Equipment, Gross     13,814       12,830      
Less: accumulated depreciation     (7,374 )     (6,883 )    
Total property, plant and equipment, net   $ 6,440     $ 5,947      

 

Depreciation expense incurred for the three months ended March 31, 2022 and 2021 was $491,000 and $428,000, respectively.