Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

(3)

Property and Equipment

Depreciation and amortization of property and equipment is calculated on the straight-line method based on estimated useful lives of six to ten years for tenant improvements and three to fifteen years for all other property and equipment. Property and equipment consist of the following at December 31(in thousands):

 

 

 

2019

 

 

2018

 

Computers and software

 

$

572

 

 

$

361

 

Furniture, fixtures, and equipment

 

 

299

 

 

 

339

 

Manufacturing and testing equipment

 

 

3,444

 

 

 

2,503

 

Leasehold improvements

 

 

911

 

 

 

895

 

 

 

 

5,226

 

 

 

4,098

 

Less accumulated depreciation

 

 

(3,118

)

 

 

(2,697

)

 

 

$

2,108

 

 

$

1,401

 

 

Depreciation expense was $493,000, $587,000, and $436,000 for the years ended December 31, 2019, 2018, and 2017, respectively. For the year ended December 31, 2018, the Company incurred a $39,000 loss on disposals of fixed assets.