Property, Plant and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 5 - Property, Plant and Equipment

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

	September 30,			December 31,
	2021			2020			Estimated Useful Life
Land	$	352		$	352
Building improvements		1,859			1,729		10-39 years
Machinery		4,672			4,441		3-7 years
Lab equipment		4,316			1,002		3-7 years
Computer equipment		1,189			881		3-5 years
Furniture and fixtures		468			194		5 years
		12,856			8,599
Less: accumulated depreciation		(6,402	)		(5,021	)
Total property, plant and equipment, net	$	6,454		$	3,578

Depreciation expense for the three months ended September 30, 2021 and 2020 was $481,000 and $86,000, respectively. Depreciation expense incurred for the nine months ended September 30, 2021 and 2020 was $1,381,000 and $253,000, respectively.

ProPhase Labs, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

(unaudited)