Anuvu Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, net

Property, Plant, and Equipment, net

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

At September 30, 2014 and December 31, 2013, property, plant, and equipment, net consisted of the following (in thousands):



	September 30, 2014			December 31, 2013
Leasehold improvements	$	1,230		$	1,272
Furniture and fixtures	1,858			1,590
Equipment	18,820			15,362
Computer equipment	4,956			3,905
Computer software	5,226			2,985
Automobiles	288			297
Buildings	2,649			2,649
Albatross (aircraft)	425			385
Other	280			12
Total property, plant, and equipment	35,732			28,457
Accumulated depreciation	(13,188		)	(7,660		)
Property, plant, and equipment, net	$	22,544		$	20,797

Depreciation expense for property, plant, and equipment amounted to $1.8 million and $1.1 million for the three months ended September 30, 2014 and 2013, respectively, and $5.2 million and $2.4 million for the nine months ended September 30, 2014 and 2013, respectively.

Depreciation expense, including software amortization expense, by classification for the three and nine months ended September 30, 2014 and 2013 is shown below (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Depreciation expense:
Cost of sales	$	567	$	546	$	2,197	$	1,256
Sales and marketing	163		—		377		—
Product development	295		18		580		51
General and administrative	809		542		2,016		1,050
Total depreciation expense	$	1,834	$	1,106	$	5,170	$	2,357

- Definition

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.

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