Property and Equipment
|6 Months Ended|
Jun. 30, 2017
|Property, Plant and Equipment [Abstract]|
|Property and Equipment||
4. Property and Equipment
Property and equipment consists of the following:
As of June 30, 2017, the Company recorded $530 thousand in assets under construction for site improvements and architect fees related to phase two of the corporate headquarter plan (Note 13).
Depreciation expense was $134 thousand and $15 thousand for the three months ended June 30, 2017 and 2016, respectively. Depreciation expense was $268 thousand and $69 thousand for the six months ended June 30, 2017 and 2016, respectively.
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