Property, Plant and Equipment

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

4. Property, Plant and Equipment

	September 30,			December 31,
	2018			2017
	($000's ommitted)
Land	$	7		$	7
Buildings		10,887			10,288
Machinery, equipment and tooling		17,815			17,249
Construction in progress		931			665
		29,640			28,209
Less accumulated depreciation		(17,927	)		(17,188	)
	$	11,713		$	11,021

Depreciation and amortization expense amounted to approximately $259,000 and $209,000 for the three months ended September 30, 2018 and 2017, respectively. Depreciation expense amounted to approximately $704,000 and $628,000 for the nine months ended September 30, 2018 and 2017, respectively. Depreciation expense amounted to approximately $239,000 and $206,000 for the three months ended September 30, 2018 and 2017, respectively. Amortization expense primarily related to capital leases amounted to approximately $57,000 and $9,000 for the nine months ended September 30, 2018 and September 30, 2017, respectively. Amortization expense amounted to approximately $20,000 and $3,000 for the three months ended September 30, 2018 and September 30, 2017, 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 September 30, 2018, there is approximately $931,000 ($665,000 – 2017) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects. There is approximately $556,000 in CIP for the implementation costs for the enterprise resource planning software that will be used as an integral part of the product process at the Advanced Technology Group (“ATG”) and the Consumer Products Group (“CPG”) and approximately $240,000 for machinery received but not placed in service at both the ATG and CPG with the remainder of approximately $135,000 of self-constructed assets not yet put into service. See Note 7, Commitments and Contingencies, for more information on anticipated capital expenditures.