Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Property and Equipment, Net

Note 5 - Property and Equipment, Net

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment Disclosure [Text Block]

5. Property and Equipment, net

Property and equipment, net, consisted of the following (in thousands):

	Useful Life
Asset Class	(Years)		September 30, 2020			December 31, 2019

Operational equipment		3 - 10	$	12,126		$	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				10,991			9,921
				45,309			44,207
Less: accumulated depreciation				(8,043	)		(6,564	)

Total property and equipment, net			$	37,266		$	37,643

Property and equipment depreciation expense was $0.5 million and $1.5 million for the three and nine months ended September 30, 2020, respectively, and $0.9 million and $2.7 million for the three and nine months ended September 30, 2019, respectively. Equipment under construction is comprised of various components being manufactured or installed by the Company, to be used in the McCarran, Nevada facility.