Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

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

 

 

September 30,

 

 

December 31,

 

 

2015

 

 

2014

 

Building

$

209

 

 

$

226

 

Leasehold improvements

 

1,202

 

 

 

1,197

 

Equipment and computers

 

6,076

 

 

 

4,948

 

Furniture and fixtures

 

451

 

 

 

413

 

Construction in progress

 

1,177

 

 

 

4

 

 

 

9,115

 

 

 

6,788

 

Accumulated depreciation

 

(6,160

)

 

 

(5,669

)

 

 

2,955

 

 

 

1,119

 

Land

 

163

 

 

 

176

 

Property, plant, and equipment, net

$

3,118

 

 

$

1,295

 

 

The cost of leasehold improvements of $114,000 and tenant improvement allowance of $398,000 in connection with the Company’s corporate headquarters and manufacturing facility lease and the costs associated with certain operating and information technology equipment of $577,000 are included in the above as part of construction in progress. For additional information on operating leases, see Note 9 of the unaudited financial statements contained in this Form 10-Q. Depreciation expense related to property, plant, and equipment totaled $251,000 and $540,000 for the three and nine months ended September 30, 2015, respectively, and $160,000 and $477,000 for the three and nine months ended September 30, 2014, respectively.