Property, Plant and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment

Property, Plant and Equipment

4.           Property, Plant and Equipment

	March 31,		December 31,
	2021		2020
	($000's ommitted)
Land	$	7	$	7
Buildings		11,363		11,359
Machinery, equipment and tooling		21,175		21,146
Construction in progress		179		198
		32,724		32,710
Less accumulated depreciation		(21,049)		(20,693)
Total property, plant and equipment	$	11,675	$	12,017

Depreciation and amortization expense amounted to approximately $356,000 and $354,000 for the three months ended March 31, 2021 and 2020, respectively.  Depreciation expense amounted to approximately $339,000 and $336,000 for the three months ended March 31, 2021 and 2020, respectively.  Amortization expense primarily related to capital leases amounted to approximately $17,000 and $18,000 for the three months ended March 31, 2021 and 2020, respectively.

As of March 31, 2021, there is approximately $179,000 ($198,000 – December 31, 2020) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects.  There is approximately $173,000 in CIP for the machinery and equipment and self-constructed assets ($191,000 – December 2020), $5,000 of computer equipment ($7,000 – December 2020) and $1,000 for building improvements ($0 – December 2020) primarily related to the Advance Technology Group.