Property, Plant and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

3. Property, Plant and Equipment

	December 31, 2015			December 31, 2014
	($000’s omitted)
Land	$	21		$	21
Buildings		10,343			7,916
Machinery, equipment and tooling		14,934			13,530
Construction in progress		57			2,817
		25,355			24,284
Less accumulated depreciation and amortization		(15,600	)		(14,909	)
Total property, plant and equipment	$	9,755		$	9,375

Property, plant and equipment includes land and building in Elma, New York, that was previously under a $5,000,000 capital lease and was purchased on December 1, 2014 for a nominal amount. As of December 31, 2015 and 2014, accumulated depreciation on the building amounted to approximately $2,937,000 and $2,811,000, respectively. The associated current and long-term liabilities are discussed in Note 4, Long-Term Debt.

Depreciation and amortization expense amounted to $718,000 and $652,000 for the twelve month periods ended December 31, 2015 and 2014, respectively. The Company believes that it 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 December 31, 2015 there is approximately $57,000 of construction in progress included in property, plant and equipment all of which is related to capital projects at the Advanced Technology Group. Comparatively, there was approximately $2,817,000 of construction in progress at December 31, 2014 of which $2,529,000 was for the facility expansion and renovation project at the Consumer Products Group and $288,000 related to projects at the Advanced Technology Group. See also Note 8, Commitments and Contingencies for more information on the facility expansion.