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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2014
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

(5)

Property, Plant and Equipment

Property, plant and equipment consisted of the following at December 31, 2014, and 2013:

 

Category

 

 

Estimated
Useful Lives
(years)

 

 

 

2014

 

 

 

2013

 

 

 

 

 

 

 

(in thousands)

 

Buildings and improvements

 

 

15 – 25

 

 

$

8,117

 

 

$

2,638

 

Office equipment and furniture

 

 

2 – 7

 

 

 

2,583

 

 

 

1,969

 

Automobiles and trucks

 

 

2 – 5

 

 

 

265

 

 

 

197

 

Machinery and shop equipment

 

 

2 – 10

 

 

 

3,349

 

 

 

2,714

 

Construction in progress

 

 

 

 

 

 

428

 

 

 

2,464

 

 

 

 

 

 

 

 

14,742

 

 

 

9,982

 

Less: accumulated depreciation and amortization

 

 

 

 

 

 

6,503

 

 

 

6,039

 

 

 

 

 

 

 

 

8,239

 

 

 

3,943

 

Land

 

 

 

 

 

 

134

 

 

 

134

 

 

 

 

 

 

 

$

8,373

 

 

$

4,077

 

During the years ended December 31, 2014 and 2013, depreciation charged to operations amounted to $563,000 and $390,000 respectively. Of these amounts, $428,000 and $228,000 was charged to cost of sales while $135,000 and $162,000 was charged to selling, general and administrative expenses for the years ended December 31, 2014 and 2013, respectively.

On October 9, 2013, the Company sold the property and improvements at 6410 Long Drive, Houston, Texas. The proceeds were received in cash and resulted in a gain of $128,000 included in other income in the accompanying consolidated statements of operations. The facility was leased by the Company until March 14, 2014 when it relocated to its new leased facilities discussed in Note 9.