Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

March 31,

2021

(Unaudited)

    

December 31,

2020

  
Production tooling, jigs, fixtures   $ 71     $ 71  
Shop equipment and machinery     3,286       3,286  
Vehicles     180       180  
Leasehold improvements     390       390  
Office equipment     177       177  
Software     103       103  
Total property and equipment, cost     4,207       4,207  
Less: accumulated depreciation and amortization     (2,861 )     (2,710 )
Property and equipment, net   $ 1,346     $ 1,497  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2021 and 2020 was $151 and $157, respectively. During the three months ended March 31, 2021 and 2020, $144 and $153, respectively, of the depreciation expense was included in the balance of cost of sales.