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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following on December 31:

 

   2021   2020  

Depreciation and Amortization Est.

Useful Lives

   (in thousands)    
            
Land  $1,205   $1,205    
Buildings   6,640    6,630   39 Years
Leasehold Improvements   412    413   3-10 Years (Lesser of Life or Lease)
Equipment   14,625    13,655   3-10 Years
Property and Equipment - Gross   22,882    21,903    
Accumulated Depreciation   (14,313)   (13,304)   
Property and Equipment - Net  $8,569   $8,599    

 

The above amounts include capital related items of $112,000 and $234,000 as of December 31, 2021 and 2020, respectively, which 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 $1,020,000, $870,000, and $719,000 for the years ended December 31, 2021, 2020 and 2019, respectively.