Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   

March 31,

2022

(Unaudited)

   

December 31,

2021

 
Production tooling, jigs, fixtures   $ 71     $ 71  
Shop equipment and machinery     3,358       3,350  
Vehicles     181       180  
Leasehold improvements     390       390  
Office equipment     181       181  
Software     106       106  
Total property and equipment, cost     4,287       4,278  
Less: accumulated depreciation and amortization     (3,394 )     (3,259 )
Property and equipment, net   $ 893     $ 1,019  

 

Depreciation and amortization expense on property and equipment for the three months ended March 31, 2022 and 2021 was $135 and $151, respectively. During the three months ended March 31, 2022 and 2021, $130 and $144, respectively, of the depreciation expense was included in the balance of cost of sales.