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, 2014

Property, Plant and Equipment [Abstract]

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



	2014			2013
Leasehold improvements	$	1,592		$	1,272
Furniture and fixtures	2,293			1,590
Equipment	17,593			15,362
Computer equipment	4,115			3,905
Computer software and ERP system	5,950			2,985
Automobiles	307			297
Buildings	2,649			2,649
Albatross (aircraft)	425			385
Other	1,501			12
Total property, plant, and equipment	36,425			28,457
Accumulated depreciation	(12,774		)	(7,660		)
Property, plant, and equipment, net	$	23,651		$	20,797

Depreciation expense for property, plant, and equipment amounted to approximately $7.2 million, $3.9 million, and $1.2 million for the years ended December 31, 2014, 2013, and 2012, respectively.

Depreciation expense, including software amortization expense, by classification for the years ended December 31, 2014, 2013, and 2012 is shown below (in thousands):



	Year ended December 31,
	2014		2013		2012
Depreciation expense:
Cost of sales	$	2,820	$	1,113	$	—
Sales and marketing	471		—		—
Product Development	858		71		—
General and administrative	3,030		2,719		1,225
Total depreciation expense	$	7,179	$	3,903	$	1,225

- 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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