Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

September 30, 2021

     December 31, 2020  
    (Unaudited)        
Production tooling, jigs, fixtures   $ 71     $ 71  
Shop equipment and machinery     3,293       3,286  
Vehicles     180       180  
Leasehold improvements     390       390  
Office equipment     181       177  
Software     106       103  
Total property and equipment, cost     4,221       4,207  
Less: accumulated depreciation and amortization     (3,130 )     (2,710 )
Property and equipment, net   $ 1,091     $ 1,497  

 

Depreciation and amortization expense on property and equipment for the three months ended September 30, 2021 and 2020 was $134 and $156, respectively. During the three months ended September 30, 2021 and 2020, $129 and $148, 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, 2021 and 2020 was $420 and $469, respectively. During the nine months ended September 30, 2021 and 2020, $402 and $450, respectively, of the depreciation expense was included in the balance of cost of sales.