Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and Equipment

Property and equipment consists of the following:

	March 31, 2017			December 31, 2016
	(in thousands)
Land	$	770		$	770
Land improvements	1,759			1,758
Buildings	4,727			4,727
Building improvements	28,116			28,088
Vehicles	319			307
Furniture, fixtures and equipment	4,374			4,278
Construction in Progress	1,954			919
	42,019			40,847
Less—Accumulated depreciation	(14,767		)	(14,432		)
	$	27,252		$	26,415

Depreciation expense was approximately $336,000 for each of the three-month periods ended March 31, 2017 and 2016, respectively.

The VGMs in the Company’s facility are owned by the NYSGC and, accordingly, the Company's consolidated financial statements include neither the cost nor the depreciation of those devices.