Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment

Property, Plant and Equipment

3.    Property, Plant and Equipment

	December 31,		December 31,
	2021		2020
	($000's omitted)
Land	$	7	$	7
Buildings		11,363		11,359
Machinery, equipment and tooling		20,689		21,146
Construction in progress		414		198
		32,473		32,710
Less accumulated depreciation and amortization		(21,916)		(20,693)
Property, plant and equipment, net	$	10,557	$	12,017

Depreciation and amortization expense amounted to approximately $1,368,000 and $1,442,000 for the years ended December 31, 2021 and 2020, respectively. Depreciation expense amounted to approximately $1,310,000 and $1,368,000 for the years ended December 31, 2021 and 2020, respectively. Amortization expense primarily related to finance leases amounted to approximately $58,000 and $74,000 for years ended December 31, 2021 and 2020, respectively.

The Company's Right of Use ('ROU') assets included in machinery, equipment and tooling had a net book value of approximately $209,000 ($610,000 - 2020).

As of December 31, 2021, there is approximately $414,000 ($198,000 – 2020) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects. There is approximately $304,000 in CIP for machinery and approximately $110,000 for building improvements primarily at the Advance Technology Group.