Property and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment are as follows (in thousands):

	September 30, 2021		December 31, 2020
Land	$	1,986	$	2,415
Land improvements	861		867
Buildings and leasehold improvements	6,364		6,364
Machinery and equipment	7,753		7,760
Furniture and fixtures	649		649
Transportation equipment	1,043		1,190
Computer equipment and software	1,222		1,296
Property and equipment	19,878		20,541
Less accumulated depreciation	(12,109)		(11,454)
Property and equipment, net	$	7,769	$	9,087

Depreciation expense totaled $0.2 million and $0.5 million for the three months ended September 30, 2021 and 2020, and $0.8 million and $2.3 million for the nine months ended September 30, 2021 and 2020, respectively.

During the first quarter of 2021, the Company classified its warehouse facility in Monahans, Texas, as held for sale based on the criteria outlined in Accounting Standard Codification (“ASC”) 360, Property, Plant and Equipment. During the first quarter, the Company committed to a plan to sell the asset in its present condition. The Company engaged with a commercial real estate agent and is actively looking for a buyer. As such, the Company reclassified the related property, plant and equipment of $0.5 million as held for sale in the current assets of the consolidated balance sheet, as the Company expects to complete the asset sale within one year.