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Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 4 - Property and Equipment

 

The major categories of property and equipment are as follows as of December 31st:

 

    2021     2020  
(in thousands)                
Automobiles   $ 124     $ 115  
Furniture and office equipment     534       529  
Software and tools     1,927       1,876  
Website development and other enhancements     189       184  
Building and leasehold improvements     811       954  
Land     -       1  
Property and equipment, gross      3,585       3,659  
Less accumulated depreciation     2,290       2,043  
Property and equipment, net   $ 1,295     $ 1,616  

 

Total depreciation expense for the years ended December 31, 2021 and 2020 was approximately $0.4 million. Depreciation expense for assets recorded under finance leases was approximately $10,000 and $8,000 for the years ended December 31, 2021 and 2020, respectively.

 

In December 2021, the Company sold the land, 2,300-square foot building and some office furniture located in Medina, North Dakota for $0.2 million.

 

 

Where Food Comes From, Inc.

Notes to the Consolidated Financial Statements