Note 6 - Property and Equipment, Net
|3 Months Ended|
Mar. 31, 2021
|Notes to Financial Statements|
|Property, Plant and Equipment Disclosure [Text Block]||
6. Property and Equipment, net
Property and equipment, net, consisted of the following (in thousands):
Property and equipment depreciation expense was $0.3 million and $0.6 million for the three months ended March 31, 2021 and three months ended March 31, 2020, respectively. Equipment under construction is comprised of various components being manufactured or installed by the Company.
The Company has entered into an Industrial Lease Agreement with LiNiCo, dated February 15, 2021 pursuant to which the Company has leased to LiNiCo its 136,750 square foot recycling facility at TRIC. The lease commenced April 1, 2021 and expires on March 31, 2023. Please refer to Note 11 - Subsequent Events for additional details regarding the Industrial Lease Agreement.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef