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3. Property, Plant and Equipment

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:

	March 31, 2014			December 31, 2013
Land	$	2,782		$	2,765
Plant and Buildings		83,318			82,355
Furniture and fixtures		513			558
Machinery and equipment		2,261			2,076
Construction in progress		54			539
Total gross property, plant & equipment		88,928			88,293
Less accumulated depreciation		(10,596	)		(9,365	)
Total net property, plant & equipment	$	78,332		$	78,928

For the three months ended March 31, 2014 and March 31, 2013, the Company recorded depreciation expense of $1.2 million for each period respectively.

Management is required to evaluate these long-lived assets for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Management determined there were no triggering events on the long-lived assets during the three months ended March 31, 2014.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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