v2.4.0.8
Property, Plant and Equipment
|
3 Months Ended |
|
Property, Plant and Equipment |
4. Property, Plant and Equipment The following table sets forth the Company’s property, plant and equipment by classification (in thousands).
|
|
|
March 31, |
|
|
December 31, |
|
|
|
|
2014 |
|
|
2013 |
|
Construction in progress |
- |
|
$ |
66,509 |
|
|
$ |
66,033 |
|
Plant machinery and equipment |
10 years |
|
|
11,009 |
|
|
|
11,009 |
|
Site improvements |
10 years |
|
|
7,009 |
|
|
|
7,007 |
|
Lab equipment, furniture and fixtures and vehicles |
5 years |
|
|
6,345 |
|
|
|
6,303 |
|
Demonstration plant |
2 years |
|
|
3,597 |
|
|
|
3,597 |
|
Buildings |
10 years |
|
|
2,543 |
|
|
|
2,543 |
|
Computer, office equipment and software |
3 years |
|
|
1,437 |
|
|
|
1,437 |
|
Leasehold improvements, pilot plant, land and support equipment |
2 - 5 years |
|
|
2,130 |
|
|
|
2,105 |
|
Total property, plant and equipment |
|
|
|
100,579 |
|
|
|
100,034 |
|
Less accumulated depreciation and amortization |
|
|
|
(17,337 |
) |
|
|
(16,559 |
) |
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment, net |
|
|
$ |
83,242 |
|
|
$ |
83,475 |
|
Construction in progress includes $65.7 million at March 31, 2014 and December 31, 2013 related to the retrofit of the Agri-Energy Facility to isobutanol production. Prior to the first quarter of 2014, the Company capitalized interest on its secured debt associated with its qualifying assets, which related to the retrofit of the Agri-Energy Facility that was actively being developed. The Company did not capitalize any interest during the three months ended March 31, 2014 as there were no qualifying assets which were actively being developed. The Company capitalized $0.3 million of interest during the three months ended March 31, 2013, and $1.8 million of interest from Inception to March 31, 2014. |
X |
- 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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