Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment

Property, Plant and Equipment

3.    Property, Plant and Equipment

	December 31,		December 31,
	2019		2018
	($000's omitted)
Land	$	7	$	7
Buildings		11,017		10,452
Machinery, equipment and tooling		20,695		18,345
Construction in progress		331		1,258
		32,050		30,062
Less accumulated depreciation and amortization		(19,333)		(18,187)
Property, plant and equipment, net	$	12,717	$	11,875

Depreciation and amortization expense amounted to approximately $1,268,000 and $1,025,000 for the year ended December 31, 2019 and 2018, respectively. Depreciation expense amounted to approximately $1,178,000 and $948,000 for the year ended December 31, 2019 and 2018, respectively. Amortization expense primarily related to capital leases amounted to approximately $90,000 and $77,000 for the year ended December 31, 2019 and 2018, respectively. The Company maintains property and casualty insurance in amounts adequate for the risk and nature of its assets and operations and which are generally customary in its industry.

The Company's ROU assets included in machinery, equipment and tooling had a net book value of approximately $728,000  ($811,000 - 2018).

As of December 31, 2019, there is approximately $331,000 ($1,258,000 – 2018) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects. There is approximately $280,000 in CIP for the machinery and equipment and self-constructed assets, $32,000 of computer equipment and $19,000 for building improvements primarily at the Advance Technology Group.