Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

March 31, 

2020

(Unaudited) 

    

December 31,

2019

  
Production tooling, jigs, fixtures   $ 71     $ 71  
Shop equipment and machinery     3,264       3,264  
Vehicles     180       188  
Leasehold improvements     390       390  
Office equipment     172       172  
Software     103       103  
Total property and equipment, cost     4,180       4,188  
Less: accumulated depreciation and amortization     (2,245 )     (2,088 )
Property and equipment, net   $ 1,935     $ 2,100  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2020 and March 31, 2019 was $157 and $143, respectively. During the three months ended March 31, 2020 and March 31, 2019, $153 and $134, respectively, of the depreciation expense was included in the cost of sales for the three-month period ended.