Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v3.5.0.2
Property, Plant, and Equipment
 9 Months Ended
Sep. 30, 2016
Property Plant And Equipment [Abstract]  
Property, Plant, and Equipment

NOTE 5—PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment, net is comprised of the following (in thousands):

 

 

September 30,

 

 

December 31,

 

 

2016

 

 

2015

 

Building

$

208

 

 

$

203

 

Leasehold improvements

 

2,004

 

 

 

2,019

 

Equipment and computers

 

6,603

 

 

 

6,031

 

Furniture and fixtures

 

599

 

 

 

585

 

Construction in progress

 

1,330

 

 

 

1,045

 

 

 

10,744

 

 

 

9,883

 

Accumulated depreciation and amortization

 

(7,050

)

 

 

(6,314

)

 

 

3,694

 

 

 

3,569

 

Land

 

162

 

 

 

158

 

Property, plant, and equipment, net

$

3,856

 

 

$

3,727

 

 

Depreciation and amortization expense related to property, plant, and equipment totaled $274,000 and $734,000 for the three and nine months ended September 30, 2016, respectively, and $251,000 and $540,000 for the three and nine months ended September 30, 2015, respectively.

 

The cost basis of assets held under capital lease was $378,000 and the accumulated depreciation related to assets held under capital lease was $189,000 as of September 30, 2016.  For additional information on the capital lease, see Note 8 – Commitments and Contingencies.