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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6—PROPERTY, PLANT AND EQUIPMENT

The Company’s property, plant and equipment balances, by significant asset category, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

December 31,

($ in thousands)

 

Useful Lives

  

2019

  

2018

Buildings and improvements

 

5 - 39 years

 

$

474

 

$

474

Machinery and equipment

 

3 - 12 years

 

 

4,227

 

 

4,078

Furniture and fixtures

 

2 - 10 years

 

 

8,668

 

 

8,668

Construction-in-progress

 

 —

 

 

283

 

 

259

 

 

 

 

 

13,652

 

 

13,479

Less accumulated depreciation

 

 

 

 

(13,379)

 

 

(13,144)

Property, plant and equipment, net

 

 

 

$

273

 

$

335

 

Construction‑in‑progress primarily included building improvements and machinery and equipment as of December 31, 2019 and 2018. Depreciation expense was $0.3 million and $0.9 million for the years ended December 31, 2019 and 2018, respectively. No impairment charges on property, plant and equipment were recognized for the years ended December 31, 2019 and 2018.