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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

NOTE 5 – Property, Plant and Equipment

Property, plant and equipment, net is comprised of the following:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Land and land improvements

 

$

1,095

 

 

$

1,095

 

Buildings and improvements

 

 

69,007

 

 

 

68,350

 

Machinery and equipment

 

 

228,584

 

 

 

224,312

 

Less: Accumulated depreciation

 

 

(200,909

)

 

 

(188,719

)

Property, plant and equipment, net

 

$

97,777

 

 

$

105,038

 

Depreciation expense for the nine months ended

   September 30, 2020

 

 

 

 

 

$

13,003

 

Depreciation expense for the nine months ended

   September 30, 2019

 

 

 

 

 

$

12,657