Rental Equipment, net

12 Months Ended

Dec. 31, 2016

Rental Equipment [Abstract]

Rental Equipment [Text Block]

5.  Rental Equipment, net

Rental equipment consists of the following:

In thousands	2016		2015
Rental equipment	$	15,354	$	21,134
Less accumulated depreciation		12,265		16,452
Net rental equipment	$	3,089	$	4,682

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 2016, $5.8 million of fully depreciated rental equipment was written off.  Depreciation expense for rental equipment for the years ended December 31, 2016 and 2015 was $1.6 million and $2.3 million, respectively.