Rental Equipment

12 Months Ended

Dec. 31, 2015

Rental Equipment [Abstract]

Rental Equipment [Text Block]

5.  Rental Equipment

Rental equipment consists of the following:

In thousands	2015		2014
Rental equipment	$	21,134	$	27,825
Less accumulated depreciation		16,452		20,935
Net rental equipment	$	4,682	$	6,890

The Company entered into a Master Agreement for Sale and Assignment of Leases with AXIS Capital, Inc. (the “Assignment Agreement”) and financed the future receivables relating to certain lease contracts.  A security interest was granted on the rental equipment underlying the lease contract receivables sold to AXIS Capital, Inc. by the Company pursuant to the Assignment Agreement.

During 2015, $6.8 million of fully depreciated rental equipment was written off.  Depreciation expense for rental equipment for the years ended December 31, 2015 and 2014 was $2.3 million and $2.9 million, respectively.