Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and equipment, net Property and Equipment, net
Property and equipment, net, consisted of the following (in thousands):
Asset Class Useful Life
(Years)		 March 31, 2020 December 31, 2019
Operational equipment
3-10
 $ 12,094    $ 12,094   
Lab equipment 5 525    525   
Computer equipment 3 221    221   
Office furniture and equipment 3 221    221   
Land - 1,047    1,047   
Building 39 19,508    19,508   
Asset retirement cost 20 670    670   
Equipment under construction 10,323    9,921   
44,609    44,207   
Less: accumulated depreciation (7,061)   (6,564)  
Total property and equipment, net $ 37,548    $ 37,643   
Depreciation expense was $0.6 million and $0.8 million for the three months ended March 31, 2020 and March 31, 2019, respectively. Equipment under construction is comprised of various components being manufactured or installed by the Company, to be used in the McCarran, Nevada recycling plant.