XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.19.2

3. Property, Plant and Equipment | 6 Months Ended
--- | ---
Jun. 30, 2019
Property, Plant and Equipment [Abstract] |
3. Property, Plant and Equipment | Property, plant and equipment consist of the following:
|  | June 30, 2019 |  |  | December 31, 2018 |
Land |  | $ | 4,121 |  |  | $ | 4,116 |
Plant and buildings |  |  | 83,126 |  |  |  | 82,445 |
Furniture and fixtures |  |  | 1,063 |  |  |  | 1,056 |
Machinery and equipment |  |  | 4,227 |  |  |  | 3,928 |
Construction in progress |  |  | 4,889 |  |  |  | 3,581 |
GAFI property, plant & equipment |  |  | 15,408 |  |  |  | 15,408 |
Total gross property, plant & equipment |  |  | 112,834 |  |  |  | 110,534 |
Less accumulated depreciation |  |  | (34,327 | ) |  |  | (32,042 | )
Total net property, plant & equipment |  | $ | 78,507 |  |  | $ | 78,492 |
During the six months ended June 30, 2019 and for the year ended December 31, 2018, interest capitalized in property, plant, and equipment was $147 thousand and $135 thousand, respectively. Depreciation on the components of property, plant and equipment is calculated using the straight-line method to allocate their depreciable amounts over their estimated useful lives as follows:
|  | Years |
Plant and Buildings |  |  | 20-30 |
Machinery & Equipment |  |  | 5-7 |
Furniture & Fixtures |  |  | 3-5 |
For the three months ended June 30, 2019 and 2018, the Company recorded depreciation expense of $1.1 million for each period. For the six months ended June 30, 2019 and 2018, the Company recorded depreciation expense of $2.2 million and $2.3 million 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 was no impairment on the long-lived assets during the three and six months ended June 30, 2019 and 2018.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration