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Property and Equipment | 12 Months Ended
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Dec. 31, 2019
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | Note 6. PROPERTY AND EQUIPMENT The components of property and equipment at December 31, consisted of the following:
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Land |  | $ | 300,000 |  |  | $ | 300,000 |
Buildings and Improvements |  |  | 1,650,000 |  |  |  | 1,708,000 |
Machinery and Equipment |  |  | 12,251,000 |  |  |  | 11,579,000 |
Finance Lease Machinery and Equipment |  |  | 6,495,000 |  |  |  | 6,495,000 |
Tools and Instruments |  |  | 11,021,000 |  |  |  | 9,882,000 |
Automotive Equipment |  |  | 177,000 |  |  |  | 177,000 |
Furniture and Fixtures |  |  | 290,000 |  |  |  | 303,000 |
Leasehold Improvements |  |  | 530,000 |  |  |  | 520,000 |
Computers and Software |  |  | 425,000 |  |  |  | 425,000 |
Total Property and Equipment |  |  | 33,139,000 |  |  |  | 31,389,000 |
Less: Accumulated Depreciation |  |  | (25,561,000 | ) |  |  | (22,612,000 | )
Property and Equipment, net |  | $ | 7,578,000 |  |  | $ | 8,777,000 |
Depreciation expense for the years ended December 31, 2019 and 2018 was approximately $3,002,000 and $2,692,000, respectively. Assets held under finance lease obligations are depreciated over the shorter of their related lease terms or their estimated productive lives. Depreciation of assets under finance leases is included in depreciation expense for 2019 and 2018. Accumulated depreciation on these assets was approximately $5,936,000 and $4,827,000 as of December 31, 2019 and 2018, respectively.

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- 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
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