Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, net

Property, Plant, and Equipment, net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

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

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details