Annual report pursuant to Section 13 and 15(d)

PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET (Tables)

v3.21.1
PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET (Tables)
12 Months Ended
Dec. 31, 2020
PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET  
Schedule Property, equipment, and leasehold improvements

 

 

(in thousands)

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Land and building

 

$

11,206

 

 

$

11,206

 

Furniture and equipment

 

 

2,913

 

 

 

2,787

 

Computer hardware

 

 

215

 

 

 

299

 

Leasehold improvements

 

 

16,459

 

 

 

16,545

 

Construction in progress

 

 

9,922

 

 

 

9,676

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

40,715

 

 

 

40,513

 

Less accumulated depreciation

 

 

(8,235

)

 

 

(5,044

)

Property, equipment and leasehold improvements, net

 

 

 

 

 

 

 

 

 

 

$

32,480

 

 

$

35,469

 

Schedule of gain upon sale of the assets

 

 

(in thousands)

 

Total consideration

 

$

3,800

 

 

 

 

 

 

Net book value of assets divested and liabilities transferred

 

 

 

 

Inventory

 

 

23

 

Prepaid and other current assets

 

 

33

 

Property, plant & equipment

 

 

98

 

Intangible assets and goodwill

 

 

6,565

 

Other long-term assets

 

 

54

 

Lease liability, net of right-of-use asset

 

 

(78

)

Net book value of assets divested and liabilities transferred

 

 

6,694

 

Loss on sale

 

$

(2,894

)

 

 

(in thousands)

 

Consideration

 

 

 

Fair value of note receivable

 

$

2,960

 

Fair value of options

 

 

330

 

Less: cash transferred to purchaser

 

 

(30

)

Total consideration

 

$

3,260

 

 

 

 

 

 

Net book value of assets divested and liabilities transferred

 

 

 

 

Accounts receivable

 

$

360

 

Inventory

 

 

520

 

Other current assets

 

 

80

 

Property, plant and equipment

 

 

4,100

 

Intangible assets

 

 

70

 

Other long-term assets

 

 

200

 

Accounts payable and accrued expenses

 

 

(1,700

)

Lease liabilities, net of right of use assets

 

 

(70

)

Net book value of assets divested and liabilities transferred

 

 

3,560

 

Loss on sale

 

$

(300

)