Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2019
Property and Equipment, Net  
Property and Equipment, Net

5.Property and Equipment, Net

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

 

 

 

 

 

 

 

 

 

 

 

    

Useful Life

    

December 31,

    

December 31,

 

 

(Years)

 

2019

 

2018

Machinery and equipment

 

3 - 10

 

$

2,893

 

$

2,893

Office furniture and equipment

 

3 - 10

 

 

49

 

 

49

Leasehold improvements

 

6

 

 

228

 

 

228

Construction in progress

 

N/A

 

 

150

 

 

 —

 

 

 

 

 

3,320

 

 

3,170

Less: accumulated depreciation and amortization

 

 

 

 

(3,038)

 

 

(2,970)

Property and equipment, net

 

 

 

$

282

 

$

200

 

Depreciation and amortization expense for the year ended December 31, 2019 was $67 thousand. For the year ended December 31, 2018, depreciation and amortization expense was $322 thousand.