Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

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Property, Plant, and Equipment
 6 Months Ended
Jun. 30, 2015
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):

 

 

June 30,

 

 

December 31,

 

 

2015

 

 

2014

 

Building

$

206

 

 

$

226

 

Leasehold improvements

 

1,201

 

 

 

1,197

 

Equipment and computers

 

5,369

 

 

 

4,948

 

Furniture and fixtures

 

425

 

 

 

413

 

Construction in progress

 

953

 

 

 

4

 

 

 

8,154

 

 

 

6,788

 

Accumulated depreciation

 

(5,948

)

 

 

(5,669

)

 

 

2,206

 

 

 

1,119

 

Land

 

160

 

 

 

176

 

Property, plant, and equipment, net

$

2,366

 

 

$

1,295

 

 

The cost of fixed assets acquired under the capital lease of $405,000 is included in the above as part of construction in progress.  For additional information on the capital lease, see Note 9 – Commitments and Contingencies. Depreciation expense related to property, plant, and equipment totaled $149,000 and $289,000 for the three and six months ended June 30, 2015, respectively, and $160,000 and $317,000 for the three and six months ended June 30, 2014, respectively.