Property and Equipment and Assets Held For Sale

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment and Assets Held For Sale

PROPERTY AND EQUIPMENT AND ASSETS HELD FOR SALE

Property and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the related assets and consist of the following (in thousands):

	March 31, 2018			December 31, 2017
Equipment (useful life 3 to 15 years)	$	1,577		$	1,557
Tooling (useful life 2 to 5 years)	371			371
Vehicles (useful life 5 years)	47			47
Furniture and fixtures (useful life 5 years)	137			137
Computer software (useful life 3 years)	1,043			1,043
Leasehold improvements (the shorter of useful life or lease life)	210			201
Projects in progress	84			55
Property and equipment at cost	3,469			3,411
Less: accumulated depreciation	(2,465		)	(2,314		)
Property and equipment, net	$	1,004		$	1,097

Depreciation expense was $0.2 million for each of the three months ended March 31, 2018 and 2017.

As of March 31, 2018, we completed the sale of the equipment that we previously classified as held for sale. We received net proceeds from the sale of $0.2 million and recognized a gain on the sale of approximately $18 thousand. The gain on the sale is classified on our Condensed Consolidated Statements of Operations under the caption, “Other (income) expense.”