Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v3.8.0.1
Property, Plant, and Equipment
 9 Months Ended
Sep. 30, 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):

 

 

September 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Building

$

220

 

 

$

196

 

Leasehold improvements

 

2,005

 

 

 

2,003

 

Equipment and computers

 

6,731

 

 

 

6,163

 

Furniture and fixtures

 

634

 

 

 

599

 

Construction in progress

 

1,711

 

 

 

1,590

 

 

 

11,301

 

 

 

10,551

 

Accumulated depreciation and amortization

 

(7,122

)

 

 

(6,225

)

 

 

4,179

 

 

 

4,326

 

Land

 

171

 

 

 

152

 

Property, plant, and equipment, net

$

4,350

 

 

$

4,478

 

 

Depreciation and amortization expense related to property, plant, and equipment totaled $310,000 and $887,000 for the three and nine months ended September 30, 2017, respectively, and $274,000 and $734,000 for the three and nine months ended September 30, 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 $340,000 as of September 30, 2017.  For additional information on the capital lease, see Note 8 – Commitments and Contingencies.