Note 5 - Assets Held for Rent

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Assets Held For Rent [Text Block]

5. Assets held for rent

Assets held for rent consist of the following at June 30, 2020 and December 31, 2019:

(In thousands)	June 30, 2020			December 31, 2019
Shippers placed in service	$	4,199		$	3,073
Accumulated deprecation		(569	)		(174	)
Net		3,630			2,899
Shippers and related components in production		1,328			1,023
Total	$	4,958		$	3,922

Shippers and related components in production include shippers complete and ready to be deployed and placed in service upon a customer order, shippers in the process of being assembled, and components available to build shippers. We recognized $267,000 and $395,000 in depreciation expense related to assets held for rent during the three and six months ended June 30, 2020. We did not have any depreciation expense related to assets held for rent during the three months and six months ended June 30, 2019.