Property and Equipment and Assets Held For Sale

9 Months Ended

Sep. 30, 2019

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):

	September 30, 2019			December 31, 2018
Equipment (useful life 3 to 15 years)	$	1,457		$	1,511
Tooling (useful life 2 to 5 years)	394			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)	211			211
Finance lease right-of-use asset	13			—
Projects in progress	68			55
Property and equipment at cost	3,370			3,375
Less: accumulated depreciation	(2,995		)	(2,765		)
Property and equipment, net	$	375		$	610

Depreciation expense was $0.1 million for each of the three months ended September 30, 2019 and 2018. Depreciation expense was $0.3 million and $0.4 million, respectively, for the nine months ended September 30, 2019 and 2018.

During the first quarter of 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 for the three months ended March 31, 2018. The gain on the sale is classified on our Condensed Consolidated Statements of Operations under the caption, “Other expense (income) .”