Property, Plant and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consists of the following:

	March 31, 2017			December 31, 2016
	(Unaudited)			(Audited)
	(in thousands)
Land	$	257		$	257
Building and improvements	8,523			8,515
Machinery and equipment	10,990			8,583
Construction in progress	21,674			15,496
	41,444			32,851
Less accumulated depreciation and amortization	(7,031		)	(6,636		)
Property, plant and equipment, net	$	34,413		$	26,215

The Company recorded depreciation expense of $395,000 and $174,000 for the three months ended March 31, 2017 and March 31, 2016, respectively. During the three months ended March 31, 2017 and March 31, 2016, there were $485,000 of interest and $22,000 of interest, respectively, capitalized into construction in progress.