Note 5 - Assets Held for Rent

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Assets Held For Rent [Text Block]

5. Assets held for rent

Assets held for rent consist of the following as of June 30, 2021 and December 31, 2020:

(In thousands)	2021			2020
Shippers placed in service	$	5,073		$	3,171
Fixed assets held for rent		2,035			-
Accumulated depreciation		(943	)		(411	)
Net		6,165			2,760
Shippers and related components in production		2,327			1,945
Total	$	8,492		$	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 $299,000 and $483,000 in depreciation expense related to assets held for rent during the three and six months ended June 30, 2021, respectively, and $267,000 and $395,000 during the three and six months ended June 30, 2020, respectively.