Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, Net

 

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

 

    Useful Life     June 30,     December 31,  
    (Years)     2022     2021  
Machinery and equipment     3 - 10     $ 971     $ 940  
Office furniture and equipment     3 - 10       50       50  
Leasehold improvements     6       228       228  
Property and equipment, gross             1,249       1,218  
Less: accumulated depreciation and amortization             (545 )     (495 )
Property and equipment, net           $ 704     $ 723  

 

Depreciation expense for the six months ended June 30, 2022 and 2021 was $49 thousand and $49 thousand, respectively.