XML 71 R9.htm IDEA: XBRL DOCUMENT
v3.20.1

3. Property, Plant and Equipment | 12 Months Ended
--- | ---
Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Property, plant and equipment consist of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
Land |  | $ | 4,104 |  |  | $ | 4,116 |
Plant and buildings |  |  | 83,139 |  |  |  | 82,445 |
Furniture and fixtures |  |  | 1,094 |  |  |  | 1,056 |
Machinery and equipment |  |  | 4,252 |  |  |  | 3,928 |
Construction in progress |  |  | 12,571 |  |  |  | 3,581 |
GAFI property held for development |  |  | 15,408 |  |  |  | 15,408 |
Total gross property, plant & equipment |  |  | 120,568 |  |  |  | 110,534 |
Less accumulated depreciation |  |  | (36,342 | ) |  |  | (32,042 | )
Total net property, plant & equipment |  | $ | 84,226 |  |  | $ | 78,492 |
Interest capitalized in property, plant, and equipment was $316 thousand and $135 thousand for the years ended December 31, 2019 and 2018, respectively. Given there are several ongoing capital projects such as Biogas digesters, CO2 project, cellulosic ethanol and ongoing capital updates in India, these capital expenses have been accumulated in construction in progress and will be capitalized and depreciated once the capital projects are finished and are in service. Depreciation on the components of the 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 and equipment |  |  | 5 - 7 |
Furniture and fixtures |  |  | 3 - 5 |
The Company recorded depreciation expense of approximately $4.4 million and $4.6 million respectively, for the years ended December 31, 2019 and 2018. The Company evaluates the recoverability of long-lived assets with finite lives in accordance with ASC Subtopic 360-10-35 Property Plant and Equipment –Subsequent Measurements, which requires recognition of impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, based on estimated undiscounted cash flows, the impairment loss would be measured as the difference between the carrying amount of the assets and its estimated fair value. Based on the analysis, our long-lived assets did not require impairment adjustment as of December 31, 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