Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

September 30,

2020

(Unaudited)

   

December 31,

2019

  
Production tooling, jigs, fixtures   $ 71     $ 71  
Shop equipment and machinery     3,275       3,264  
Vehicles     180       188  
Leasehold improvements     390       390  
Office equipment     172       172  
Software     103       103  
Total property and equipment, cost     4,191       4,188  
Less: accumulated depreciation and amortization     (2,557 )     (2,088 )
Property and equipment, net   $ 1,634     $ 2,100  

 

Depreciation and amortization expense on property and equipment for the three months ended September 30, 2020 and 2019 was $156 and $164, respectively. During the three months ended September 30, 2020 and 2019, $148 and $153, respectively, of the depreciation expense was included in the balance of cost of sales.

 

Depreciation and amortization expense on property and equipment for the nine months ended September 30, 2020 and 2019 was $469 and $459, respectively. During the nine months ended September 30, 2020 and 2019, $450 and $428, respectively, of the depreciation expense was included in the balance of cost of sales.