Note 5 - Assets Held for Rent

9 Months Ended

Sep. 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 September 30, 2020 and December 31, 2019:

(In thousands)	September 30, 2020			December 31, 2019
Shippers placed in service	$	4,666		$	3,073
Accumulated deprecation		(755	)		(174	)
Net		3,911			2,899
Shippers and related components in production		1,220			1,023
Total	$	5,131		$	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 $186,000 and $581,000 in depreciation expense related to assets held for rent during the three and nine months ended September 30, 2020. We recognized $51,000 in depreciation expense related to assets held for rent during the three and nine months ended September 30, 2019.