Property, Plant and Equipment

12 Months Ended

Dec. 26, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following at December 26, 2015 and December 27, 2014:



	Useful Life	2015			2014
Land		$	—		$	877,485
Buildings	10 years	—			2,298,367
Equipment	3-5 years	18,765,548			19,696,919
Leasehold improvements	Life of the lease	3,659,559			3,652,395
Furniture and fixtures	3 years	789,067			886,985
Equipment under construction		312,916			657,142
		23,527,090			28,069,293
Accumulated depreciation and amortization		(20,849,987		)	(23,479,872		)
Net property, plant and equipment		$	2,677,103		$	4,589,421

There were no material gains or losses on disposals of long-lived assets in fiscal years 2015, 2014 and 2013. Depreciation expense for the fiscal years 2015, 2014 and 2013 was approximately $1.5 million, $2.6 million and $2.4 million, respectively.

In February 2016, the Company entered into an agreement to sell land and its Korean facility for an estimated $7.6 million based on the exchange rate on the date of the agreement. The closure of the transaction is based on completion of environment testing and other factors, all of which are expected to be completed by June 2016.