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3. Property, Plant and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:

	March 31, 2015			December 31, 2014
Land	$	2,760		$	2,753
Plant and Buildings		82,496			82,338
Furniture and fixtures		460			458
Machinery and equipment		4,072			4,063
Construction in progress		163			148
Total gross property, plant & equipment		89,951			89,760
Less accumulated depreciation		(15,187	)		(13,950	)
Total net property, plant & equipment	$	74,764		$	75,810

For the three months ended March 31, 2015 and March 31, 2014, 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, 2015.

- 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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