Property and Equipment

6 Months Ended

Jun. 30, 2011

NOTE 4. PROPERTY AND EQUIPMENT

Property and equipment is 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):


	June 30,			December 31,
	2011			2010
Equipment (useful life 3 - 15 years)	$	5,917		$	6,328
Tooling (useful life 2 - 5 years)		2,441			2,507
Furniture and fixtures (useful life 5 years)		143			161
Computer software (useful life 3 years)		375			373
Leasehold improvements (the shorter of useful life or lease life)		625			909
Construction in progress		76			14

Property and equipment at cost		9,577			10,292
Less: accumulated depreciation		(7,259	)		(7,846	)

Property and equipment, net	$	2,318		$	2,446

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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