Property, Plant and Equipment

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consists of the following:

	June 30, 2017			December 31, 2016
	(Unaudited)			(Audited)
	(in thousands)
Land	$	257		$	257
Building and improvements	8,535			8,515
Machinery and equipment	11,535			8,583
Construction in progress	32,203			15,496
	52,530			32,851
Less accumulated depreciation and amortization	(7,458		)	(6,636		)
Property, plant and equipment, net	$	45,072		$	26,215

The Company recorded depreciation expense of $822,000 and $396,000 for the six months ended June 30, 2017 and June 30, 2016, respectively. During the three months ended June 30, 2017 and June 30, 2016, there was $741,000 of interest and $75,000 of interest, respectively, capitalized into construction in progress. For the six months ended June 30, 2017 and June 30, 2016, there was $1,227,000 of interest and $98,000 of interest, respectively, capitalized into construction in progress.