Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

3. Property and Equipment. Property and equipment consists of the following at December 31:

	2021			2020
Property and Equipment:
Production tooling, machinery and equipment	$	27,000		$	2,349,000
Office furniture and fixtures		95,000			425,000
Computer equipment and software		753,000			1,447,000
Leasehold improvements		19,000			—
Construction in-progress		4,000			17,000
		898,000			4,238,000
Accumulated depreciation and amortization		(785,000	)		(4,163,000	)
Net Property and Equipment	$	113,000		$	75,000

Depreciation expense for the years ended December 31, 2021 and 2020 was $60,000 and $314,000, 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. The receivables that were due in 2021 were collected.