Property and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net, as of September 30, 2021 and December 31, 2020 consist of the following:

	September 30, 2021		December 31, 2020
Land	$	3,828	$	3,828
Building and improvements	24,261		24,197
Leasehold improvements	473		482
Machinery and equipment	16,584		15,536
Revenue-generating assets	61,527		56,336
Office and computer equipment	14,751		13,855
Motor vehicles	31		31
	121,455		114,265
Less accumulated depreciation	(61,491)		(57,992)
	$	59,964	$	56,273

Depreciation expense was $3,532 and $2,624 for the three months ended September 30, 2021 and 2020, respectively, and $9,939 and $7,537 for the nine months ended September 30, 2021 and 2020, respectively.

Certain revenue-generating hardware assets are utilized by the Company in the delivery of the Company's airtime services, media and other content.