Note 6 - Assets Held for Rent

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Assets Held For Rent [Text Block]

6. Assets held for rent

Assets held for rent consist of the following as of June 30, 2022 and December 31, 2021:

(In thousands)	2022			2021
Shippers placed in service	$	6,274		$	5,645
Fixed assets held for rent		4,686			4,040
Accumulated depreciation		(3,737	)		(2,272	)
Net		7,223			7,413
Shippers and related components in production		1,860			2,396
Total	$	9,083		$	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 $868,000 and $1.8 million in depreciation expense related to assets held for rent during the three and six months ended June 30, 2022, respectively, and $299,000 and $483,000 during the three and six months ended June 30, 2021, respectively.