Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, net

v2.4.0.8
Property, Plant, and Equipment, net
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, net
Property, Plant, and Equipment, net

At December 31, 2013 and December 31, 2012, property, plant, and equipment, net consisted of the following (in thousands).
 
December 31, 2013
 
December 31, 2012
Leasehold improvements
$
1,272

 
$
370

Furniture and fixtures
1,590

 
526

Equipment
15,362

 
5,942

Computer equipment
3,905

 
981

Computer software and ERP system
2,985

 
155

Automobiles
297

 
37

Buildings
2,649

 

Albatross (aircraft)
385

 
385

Other
12

 

Total property, plant, and equipment
28,457

 
8,396

Accumulated depreciation
(7,660
)
 
(3,757
)
Property, plant, and equipment, net
$
20,797

 
$
4,639



Depreciation expense for property, plant, and equipment amounted to $3.9 million, $1.2 million, and $0.8 million for the years ended December 31, 2013, 2012, and 2011, respectively.

Depreciation expense, including software amortization expense, by classification for the years ended December 31, 2013, 2012 and 2011 is shown below (in thousands):
 
Year ended
 
December 31,
 
2013
 
2012
 
2011
Depreciation expense:
 
 
 
 
 
Cost of sales
$
1,113

 
$

 
$

Product Development
71

 

 

General and administrative
2,719

 
1,225

 
834

Total depreciation expense
$
3,903

 
$
1,225

 
$
834