Other Property And Equipment

12 Months Ended

Dec. 31, 2014

Other Property And Equipment [Abstract]

6. Other Property and Equipment

Other property and equipment consisted of the following as of December 31, 2014: (in thousands)


					Accumulated		Net Book
*Type*	*Depreciable Life*		Gross Cost		Depreciation		Value
Machinery and equipment	5-7 yrs	$	20	$	17	$	3
Vehicles	2-5 yrs		430		233		197
Other	5 yrs		63		63		-
Total		$	513	$	313	$	200

Other property and equipment consisted of the following as of December 31, 2013: (in thousands)


					Accumulated		Net Book
*Type*	*Depreciable Life*		Gross Cost		Depreciation		Value
Machinery and equipment	5-7 yrs	$	20	$	13	$	7
Vehicles	2-5 yrs		475		235		240
Other	5 yrs		63		63		-
Total		$	558	$	311	$	247

The Company uses the straight-line method of depreciation for other property and equipment. During each of the years ended December 31, 2014, 2013, and 2012, the Company recorded depreciation expense of $101,000, $170,000, and $258,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details