Property and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following at December 31:

Year ended December 31	2020			2019
Property and Equipment:
Production tooling, machinery and equipment	$	2,349,000		$	3,685,000
Office furniture and fixtures		425,000			393,000
Computer equipment and software		1,447,000			1,426,000
Leasehold improvements		-			-
Construction in-progress		17,000			-
		4,238,000			5,504,000
Accumulated depreciation and amortization		(4,163,000	)		(4,955,000	)
Net Property and Equipment	$	75,000		$	549,000

Depreciation expense for the years ended December 31, 2020 and 2019 was $314,000 and $1,044,000, respectively. During December 2020, in connection with the outsourcing of most printing operations, the Company sold property and equipment with a net book value of $230,000, for $195,000, resulting in a loss on sale of $35,000. The proceeds were in the form of receivables due in four equal amounts due in June and December 2021 and June and December 2022.