Property, Plant and Equipment

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following (in thousands):



	September 30, 2015			December 31, 2014
Land and improvements	$	252		$	699
Buildings and improvements	6,186			6,351
Equipment	3,862			2,978
Construction in progress	946			10
	11,246			10,038
Less accumulated depreciation and amortization	(2,829		)	(1,847		)
Property, plant and equipment, net	$	8,417		$	8,191

Depreciation and amortization expense related solely to property plant, and equipment depreciation was approximately $920,000 and $2.2 million for the three and nine months ended September 30, 2015, respectively. The depreciation and amortization expense was approximately $646,000 and $1.7 million for the three and nine months ended September 30, 2014, which includes approximately $91,000 and $249,000 related to cost of goods sold, respectively. Following the execution of our Sale Leaseback Agreement in July 2014, we no longer record any depreciation expense in cost of good sold and the entire depreciation amount for the three and nine months ended September 30, 2015, respectively, was recorded in selling, general and administrative expense.

In addition to owned property, the Company also has $14.7 million in leased assets, which is net of accumulated depreciation of approximately $1.4 million as of September 30, 2015. At December 31, 2014 leased assets totaled $15.4 million which is net of accumulated depreciation of approximately $439,000.