Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property and Equipment

Property and equipment consist of the following at September 30, 2014 and December 31, 2013 (in thousands):

	September 30,		December 31,
	2014		2013
Leasehold improvements	$	69	$	69
Office furniture and equipment		25		25
Computer equipment and software		137		137
Property		24,183		-
		24,414		231
Less: accumulated depreciation		(500)		(148)
	$	23,914	$	83

Depreciation expense was approximately $0.4 million for the nine months ended September 30, 2014. The Company also capitalized a $1.6 million environmental liability addition to the UK Facility land in August 2014. The building is currently under construction and the Company will incur various development costs in the future.

- 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.

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