PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

4. PROPERTY, PLANT, AND EQUIPMENT

Property, Plant and Equipment consist of the following as of December 31:

(in thousands)	2013		2012
Land	$	87	$	87
Buildings		3,682		3,682
Machinery, furniture and equipment		3,736		3,565
Construction in progress		229		209
		7,734		7,543
Less: accumulated depreciation		(3,197)		(2,663)
Property, Plant and Equipment, net	$	4,537	$	4,880

Depreciation expense for the years ended December 31, 2013 and 2012 totaled $534 thousand and $517 thousand, respectively. During the years ended December 31, 2013 and 2012, there was no material interest capitalized into construction in progress.

- 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.

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