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Property, Plant, and Equipment
 3 Months Ended
Mar. 31, 2021
Property Plant And Equipment [Abstract]  
Property, Plant, and Equipment

(5)

Property, Plant, and Equipment

Property, plant, and equipment consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

Estimated

 

 

2021

 

 

2020

 

 

Useful Life

Buildings and land

 

$

1,120

 

 

$

1,109

 

 

30 years - Buildings

Enterprise hardware and software

 

 

1,861

 

 

 

1,862

 

 

3 years

Leaseholds

 

 

1,809

 

 

 

1,826

 

 

Lesser of lease term or estimated useful life

Equipment

 

 

1,061

 

 

 

1,063

 

 

7 years

Furniture

 

 

203

 

 

 

204

 

 

5 years

Property, plant and equipment, gross

 

 

6,054

 

 

 

6,064

 

 

 

Accumulated depreciation

 

 

(4,733

)

 

 

(4,713

)

 

 

Property, plant and equipment, net

 

$

1,321

 

 

$

1,351

 

 

 

 

On July 31, 2020, the Company exercised its option to purchase its 95-97 Park Road office location in Queensbury, NY for $460.3, pursuant to the terms of the lease agreement dated September 17, 2018, as amended on January 29, 2019, and further amended on July 31, 2020.

 

Depreciation expense for the three months ended March 31, 2021 was approximately $38.8 as compared to approximately $47.6 for the same period in 2020.