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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

 

The components of property and equipment are as follows (in thousands):

 

  December 31,   
  2012  2011  Estimated Useful Life
         
Land $504  $504   
Buildings and improvements  2,597   2,494  15 - 39 years
Machinery and equipment  2,771   2,567  3 - 7 years
Computer software  164   161  3 years
Furniture and fixtures  189   189  5 years
   6,225   5,915   
           
Less: Accumulated  depreciation  3,860   3,608   
  $2,365  $2,307   

 

Depreciation expense for Fiscal 2012, 2011 and 2010 was $252,000, $355,000, and $363,000, respectively. In Fiscal 2010, we maintained certain operating leases for office and warehouse space maintained by us and we were charged rent expense of $11,000. We did not incur rent expense in Fiscal 2012 or Fiscal 2011.