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Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, Plant and Equipment
 
Property, plant and equipment consists of the following:
 
 
September 30, 2017
 
December 31, 2016
 
(Unaudited)
 
(Audited)
 
(in thousands)
Land
$
257

 
$
257

Building and improvements
8,576

 
8,515

Machinery and equipment
12,573

 
8,583

Construction in progress
43,742

 
15,496

 
65,148

 
32,851

Less accumulated depreciation and amortization
(7,900
)
 
(6,636
)
Property, plant and equipment, net
$
57,248

 
$
26,215


 
The Company recorded depreciation expense of $1,264,000 and $679,000 for the nine months ended September 30, 2017 and September 30, 2016, respectively. During the three months ended September 30, 2017 and September 30, 2016, there was $1,058,000 of interest and $139,000 of interest, respectively, capitalized into construction in progress. For the nine months ended September 30, 2017 and September 30, 2016, there was $2,285,000 of interest and $236,000 of interest, respectively, capitalized into construction in progress.