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Property, Plant and Equipment, Net
6 Months Ended
Jun. 30, 2021
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, Net

NOTE 6 – Property, Plant and Equipment, net

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

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Land and land improvements

 

$

1,095

 

 

$

1,095

 

Buildings and improvements

 

 

69,373

 

 

 

69,360

 

Machinery and equipment

 

 

237,507

 

 

 

233,743

 

Less: Accumulated depreciation

 

 

(214,958

)

 

 

(206,761

)

Property, plant and equipment, net

 

$

93,017

 

 

$

97,437

 

 

Depreciation expense for the six months ended June 30, 2021 and June 30, 2020 was $8,795 and $8,580, respectively.