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4. Property and Equipment
12 Months Ended
Dec. 31, 2012
Notes  
4. Property and Equipment

4. PROPERTY AND EQUIPMENT

 

                Property and equipment consisted of the following at December 31:

 

 

2012 

 

2011 

Depreciation and Amortization Est.

Useful Lives

 

(in thousands)

 

 

 

 

 

 

Land

$ 538 

 

$ 538 

 

Buildings

4,141 

 

4,141 

39 Years

Leasehold Improvements

220 

 

211 

3-10 Years (Lesser of Life or Lease)

Equipment

8,801 

 

8,626 

3-10 Years

 

13,700 

 

13,516 

 

Accumulated Depreciation

(8,876)

 

(8,246)

 

 

$ 4,824 

 

$ 5,270 

 

 

 

 

 

 

 

The above amounts include approximately $60,000 of equipment at December 31, 2012 and $1,000 at December 31, 2011 that had not yet been placed in service by the Company.  No depreciation was recorded in the related periods for these assets. Depreciation and amortization expense was approximately $588,000 and $651,000 for the years ended December 31, 2012 and 2011, respectively.