PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at March 31, 2017 and December 31, 2016 are summarized as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)
Building and improvements	$	1,273	$	1,273
Scientific equipment		598		598
Computer hardware and software		109		109
Machinery and equipment		415		568
Land and improvements		162		162
Other personal property		70		70
Office equipment		27		27
Total		2,654		2,807
Less: impairment reserve		(82)		(82)
Less: accumulated depreciation		(1,833)		(1,858)
Net property, plant and equipment	$	739	$	867

The impairment reserve of $82 thousand is for our remaining Nexafed production machinery and other equipment which was not conveyed to MainPointe under the MainPointe Agreement. We do not have leasehold improvements nor do we have capitalized leases. Costs of betterments are capitalized while maintenance costs and repair costs are charged to operations as incurred. When a depreciable asset is retired from service, the cost and accumulated depreciation will be removed from the respective accounts.