Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.19.3.a.u2
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2019
Property and Equipment, Net  
Property and Equipment, Net

6.    Property and Equipment, Net

 

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

 

 

 

 

 

 

 

 

 

 

 

    

Useful Life

    

September 30, 

    

December 31, 

 

 

(Years)

 

2019

 

2018

Machinery and equipment

 

3-10

 

$

2,893

 

$

2,893

Office furniture and equipment

 

3-10

 

 

49

 

 

49

Leasehold improvements

 

(A)

 

 

228

 

 

228

​

 

 

 

 

3,170

 

 

3,170

Less: Accumulated depreciation and amortization

 

 

 

 

(3,023)

 

 

(2,970)

Property and equipment, net

 

  

 

$

147

 

$

200

 

(A) Leasehold improvements are amortized over the shorter of the remaining lease term or estimated useful life.

Depreciation and amortization expense for the three and nine months ended September 30, 2019 was $8,000 and $53,000, respectively. For the three and nine months ended September 30, 2018, depreciation and amortization expense was $88,000 and $243,000, respectively.