Note 6 - Assets Held for Rent

9 Months Ended

Sep. 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 September 30, 2022 and December 31, 2021:

(In thousands)	2022			2021
Shippers placed in service	$	7,375		$	5,645
Fixed assets held for rent		4,686			4,040
Accumulated depreciation		(4,571	)		(2,272	)
Net		7,490			7,413
Shippers and related components in production		1,867			2,396
Total	$	9,357		$	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 $921,000 and $2.7 million in depreciation expense related to assets held for rent during the three and nine months ended September 30, 2022, respectively, and $410,000 and $873,000 during the three and nine months ended September 30, 2021, respectively.