Property, plant and equipment, net
|12 Months Ended|
Dec. 31, 2016
|Property, plant and equipment, net|
|Property, plant and equipment, net||
Note 5 - Property, plant and equipment, net
Property and equipment, net consisted of the following (in thousands):
Depreciation expense was $3,126,000, $1,176,000, $705,000 and $240,000 for the year ended December 31, 2016, six months ended December 31, 2015 and the years ended June 30, 2015 and 2014, respectively.
The Company has disposed of leasehold improvements resulting in a loss on disposal of $122,000, which is included within general and administrative expenses in the statement of operations.
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
Reference 1: http://www.xbrl.org/2003/role/presentationRef