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PROPERTY, PLANT, AND EQUIPMENT
 3 Months Ended
Mar. 31, 2020
PROPERTY, PLANT, AND EQUIPMENT  
PROPERTY, PLANT, AND EQUIPMENT

7.    PROPERTY, PLANT, AND EQUIPMENT

Property and equipment consist of the following as of:

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

(in thousands)

 

2020

    

2019

Land

 

$

4,566

 

$

4,566

Buildings

 

 

10,289

 

 

10,275

Machinery, furniture, and equipment

 

 

35,845

 

 

34,984

Construction in progress

 

 

3,575

 

 

3,496

 

 

 

54,275

 

 

53,321

Less: accumulated depreciation

 

 

(13,922)

 

 

(12,770)

Property and equipment, net

 

$

40,353

 

$

40,551

 

Depreciation expense was $1.2 million for both the three months ended March 31, 2020 and 2019. During the three months ended March 31, 2020 and 2019, there was $25 thousand and $0.1 million of interest capitalized into construction in progress, respectively. Construction in progress consists of multiple projects, primarily related to new equipment to expand our manufacturing capability as our product lines continue to grow.