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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

NOTE 5 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following as of December 31, (in thousands):

	2014			2013
Land and buildings	$	3,172		$	3,401
Machinery, equipment and fixtures		2,969			3,407
Leasehold improvements		740			731
		6,881			7,539
Accumulated depreciation and amortization		(2,496	)		(3,064	)
Total property, plant and equipment	$	4,385		$	4,475

The net book value of assets held under capital leases at December 31, 2014 and 2013 totaled $842,000 and $318,000, respectively, after accounting for depreciation in the year of $171,000 and $117,000, respectively. The Company recorded depreciation expense associated with its property, plant and equipment of $0.4 million and $0.3 million for the years ended December 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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