Note 5 - Assets Held for Rent

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Assets Held For Rent [Text Block]

5. Assets held for rent

Assets held for rent consist of the following at March 31, 2021 and December 31, 2020:

(In thousands)	2021			2020
Shippers placed in service	$	4,750		$	3,171
Fixed assets held for rent		421			-
Accumulated depreciation		(597	)		(411	)
Net		4,574			2,760
Shippers and related components in production		1,929			1,945
Total	$	6,503		$	4,705

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 $184,000 and $128,000 in depreciation expense related to assets held for rent during the three months ended March 31, 2021 and 2020, respectively.