Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following (in thousands):

 

    December 31,
2021		     December 31,
2020		  
Shop equipment and machinery   $ 3,350     $ 3,286  
Production tooling, jigs, fixtures     71       71  
Vehicles     180       180  
Leasehold improvements     390       390  
Office equipment     181       177  
Software     106       103  
Total property and equipment, cost     4,278       4,207  
Less: accumulated depreciation and amortization     (3,259 )     (2,710 )
Property and equipment, net   $ 1,019     $ 1,497  

 

Depreciation and amortization expense on property and equipment for the years ended December 31, 2021 and 2020 was $549 and $622 respectively. During the years ended December 31, 2021 and 2020, $530 and $595, respectively, of depreciation expense was included in cost of sales for the years then ended.