Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v3.7.0.1
Property, Plant, and Equipment
 3 Months Ended
Mar. 31, 2017
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):

 

 

March 31,

 

 

December 31,

 

 

2017

 

 

2016

 

Building

$

199

 

 

$

196

 

Leasehold improvements

 

2,003

 

 

 

2,003

 

Equipment and computers

 

6,170

 

 

 

6,163

 

Furniture and fixtures

 

599

 

 

 

599

 

Construction in progress

 

1,857

 

 

 

1,590

 

 

 

10,828

 

 

 

10,551

 

Accumulated depreciation and amortization

 

(6,517

)

 

 

(6,225

)

 

 

4,311

 

 

 

4,326

 

Land

 

154

 

 

 

152

 

Property, plant, and equipment, net

$

4,465

 

 

$

4,478

 

 

Depreciation and amortization expense related to property, plant, and equipment totaled $290,000 and $198,000 for the three months ended March 31, 2017 and 2016, 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 $264,000 as of March 31, 2017.  For additional information on the capital lease, see Note 8 – Commitments and Contingencies.