Note 4 - Assets Held for Rent

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Assets Held For Rent [Text Block]

4. Assets held for rent

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

(In thousands)	2021			2020
Shippers placed in service	$	5,645		$	3,171
Fixed assets held for rent		4,040			-
Accumulated depreciation		(2,272	)		(411	)
Net		7,413			2,760
Shippers and related components in production		2,396			1,945
Total	$	9,809		$	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 $1.9 million, $671,000, and $174,000 in depreciation expense related to assets held for rent during the years ended December 31, 2021, 2020, and 2019, respectively.