Property, Plant and Equipment

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment

Property, Plant and Equipment

4.           Property, Plant and Equipment

	March 31,		December 31,
	2022		2021
	($000’s omitted)
Land	$	7	$	7
Buildings		11,363		11,363
Machinery, equipment and tooling		20,631		20,689
Construction in progress		529		414
		32,530		32,473
Less accumulated depreciation and amortization		(22,181)		(21,916)
Total property, plant and equipment	$	10,349	$	10,557

Depreciation and amortization expense amounted to approximately $313,000 and $356,000 for the three months ended March 31, 2022 and 2021, respectively. Depreciation expense amounted to approximately $305,000 and $339,000 for the three months ended March 31, 2022 and 2021, respectively. Amortization expense primarily related to capital leases amounted to approximately $8,000 and $17,000 for the three months ended March 31, 2022 and 2021, respectively.

As of March 31, 2022, there is approximately $529,000 ($414,000 – December 31, 2021) of construction in progress (CIP) included in property, plant and equipment all of which is related to capital projects.  There is approximately $373,000  in CIP for the machinery and equipment ($304,000 – December 2021), $5,000 of computer equipment ($0 – December 2021) and $151,000 for building improvements ($110,000 – December 2021) primarily related to the Advance Technology Group.