Property, Plant and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment

Property, Plant and Equipment

4.           Property, Plant and Equipment

	June 30,		December 31,
	2021		2020
	($000's omitted)
Land	$	7	$	7
Buildings		11,363		11,359
Machinery, equipment and tooling		21,187		21,146
Construction in progress		167		198
		32,724		32,710
Less accumulated depreciation and amortization		(21,404)		(20,693)
Total property, plant and equipment	$	11,320	$	12,017

Depreciation and amortization expense amounted to approximately $358,000 and $363,000 for the three months ended June 30, 2021 and 2020, respectively. Amortization expense primarily related to ROU assets amounted to approximately $17,000 and $17,000 for the three months ended June 30, 2021 and 2020, respectively. Depreciation and amortization expense amounted to approximately $714,000 and $718,000 for the six months ended June 30, 2021 and 2020, respectively. Amortization expense, primarily related to ROU assets, amounted to approximately $34,000 and $35,000 for the six months ended June 30, 2021 and 2020, respectively.

As of June 30, 2021, there is approximately $167,000 ($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 $160,000 in CIP for machinery & equipment and self-constructed assets ($191,000 – December 2020), $6,000 for computer equipment ($7,000 – December 2020) and $1,000 for building improvements ($0 – December 2020) primarily related to the Advanced Technology Group.