Note 5 - Assets Held for Rent

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021:

(In thousands)	2022			2021
Shippers placed in service	$	6,032		$	5,645
Fixed assets held for rent		4,686			4,040
Accumulated depreciation		(3,070	)		(2,272	)
Net		7,648			7,413
Shippers and related components in production		2,175			2,396
Total	$	9,823		$	9,809

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 $896,000 and $184,000 in depreciation expense related to assets held for rent during the three months ended March 31, 2022 and 2021, respectively.