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Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 PROPERTY AND EQUIPMENT

 

The following is a summary of property and equipment at December 31, 2019 and 2018:

 

   2019   2018 
   (In thousands of
U.S. Dollars)
 
Property and plant  $24,384   $27,829 
Leasehold improvements   19,914    21,278 
Equipment and machinery   2,448    2,451 
Office equipment and furniture   7,567    3,102 
Motor vehicles   2,048    1,112 
    56,361    55,772 
Less: accumulated depreciation   (28,330)   (27,327)
Construction-in-progress   781    - 
Property and equipment, net  $28,812   $28,445 

 

Depreciation expense was $8.11 million and $6.54 million for the years ended December 31, 2019 and 2018, respectively.