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Property and Equipment
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at December 31:

 

    2016   2015  

Depreciation and Amortization Est.

Useful Lives

    (in thousands)    
             
Land   $ 538     $ 538      
Buildings     4,407       4,407     39 Years
Leasehold Improvements     399       426     3-10 Years (Lesser of Life or Lease)
Equipment     9,629       9,543     3-10 Years
      14,973       14,914      
Accumulated Depreciation     (10,571 )     (10,276 )    
Property and Equipment - Net   $ 4,402     $ 4,638      

 

The above amounts include approximately $34,000 of capital related items at December 31, 2016 and $93,000 at December 31, 2015 that had not yet been placed in service by the Company, and therefore no depreciation was recorded in the related periods for those assets. Depreciation and amortization expense was approximately $459,000, $460,000 and $486,000 for the years ended December 31, 2016, 2015 and 2014, respectively.