Note 5 - Assets Held for Rent

9 Months Ended

Sep. 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 September 30, 2021 and December 31, 2020:

(In thousands)	2021			2020
Shippers placed in service	$	5,433		$	3,171
Fixed assets held for rent		3,603			-
Accumulated depreciation		(1,284	)		(411	)
Net		7,752			2,760
Shippers and related components in production		2,334			1,945
Total	$	10,086		$	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 $410,000 and $873,000 in depreciation expense related to assets held for rent during the three and nine months ended September 30, 2021, respectively, and $186,000 and $581,000 during the three and nine months ended September 30, 2020, respectively.