Property, Plant and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment

Property, Plant and Equipment

4.           Property, Plant and Equipment

	June 30,		December 31,
	2020		2019
	($000’s omitted)
Land	$	7	$	7
Buildings		11,158		11,017
Machinery, equipment and tooling		21,036		20,695
Construction in progress		442		331
		32,643		32,050
Less accumulated depreciation and amortization		(20,044)		(19,333)
Total property, plant and equipment	$	12,599	$	12,717

Depreciation and amortization expense amounted to approximately $363,000 and $289,000 for the three months ended June 30, 2020 and 2019, respectively.  Amortization expense primarily related to ROU assets amounted to approximately $17,000 and $21,000 for the three months ended June 30, 2020 and 2019, respectively. Depreciation and amortization expense amounted to approximately $718,000 and $563,000 for the six months ended June 30, 2020 and 2019, respectively. Amortization expense, primarily related to ROU assets, amounted to approximately $35,000 and $41,000 for the six months ended June 30, 2020 and 2019, 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.

As of June 30, 2020, there is approximately $442,000 ($331,000 – December 31, 2019) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects. There is approximately $298,000 in CIP for machinery & equipment and self-constructed assets ($280,000 – December 2019), $27,000 for computer equipment ($32,000 – December 2019) and $117,000 for building improvements ($19,000 – December 2019) primarily related to the Advanced Technology Group “ATG”.