Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property and Equipment, Net  
Property and Equipment, Net

7.Property and Equipment, Net

Property and equipment consist of the following ($ in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

Useful Life

    

December 31, 

    

December 31, 

 

 

(Years)

 

2020

 

2019

Machinery and equipment

 

3 - 10

 

$

2,894

 

$

2,893

Office furniture and equipment

 

3 - 10

 

 

49

 

 

49

Leasehold improvements

 

6

 

 

228

 

 

228

Construction in progress

 

N/A

 

 

461

 

 

150

 

 

 

 

 

3,632

 

 

3,320

Less: accumulated depreciation and amortization

 

 

 

 

(3,079)

 

 

(3,038)

Property and equipment, net

 

 

 

$

553

 

$

282

 

Depreciation expense for the year ended December 31, 2020 and 2019 was $42 thousand and $67 thousand, respectively.