NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment are shown net of accumulated depreciation and are primarily comprised of the following: land; buildings; building and tenant improvements; furniture and fixtures; and machinery and equipment.

During the nine months ended September 30, 2018 and 2017, additions to property and equipment were approximately $7.3 million and $11.5 million, respectively.

Depreciation expense for the nine months ended September 30, 2018 and 2017 was approximately $446,000 and $264,000, respectively. At September 30, 2018 and December 31, 2017, accumulated depreciation approximated $1,944,000 and $1,499,000, respectively.