Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

3. Property, Plant and Equipment

	December 31, 2016			December 31, 2015
	($000’s omitted)
Land	$	21		$	21
Buildings		10,422			10,343
Machinery, equipment and tooling		15,826			14,934
Construction in progress		77			57
		26,346			25,355
Less accumulated depreciation and amortization		(16,409	)		(15,600	)
Total property, plant and equipment	$	9,937		$	9,755

Property, plant and equipment includes land and facilities in Elma and Franklinville, New York. As of December 31, 2016 and 2015, accumulated depreciation on the building amounted to approximately $3,472,000 and $3,258,000, respectively.

Depreciation and amortization expense amounted to $823,000 and $718,000 for the twelve month periods ended December 31, 2016 and 2015, respectively. The Company believes that it maintains property and casualty insurance in amounts adequate for the risk and nature of its assets and operations and which are generally customary in its industry.

As of December 31, 2016 there is approximately $77,000 of construction in progress included in property, plant and equipment all of which is related to capital projects at the Advanced Technology Group. Comparatively, there was approximately $57,000 of construction in progress at December 31, 2015. See also Note 8, Commitments and Contingencies, for more information on anticipated capital expenditures.