Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, Plant and Equipment

Property, plant and equipment, net consisted of the following as of March 31, 2018 and December 31, 2017 (in thousands):

 
 
March 31, 2018
 
December 31, 2017
Property, plant and equipment:
 
 
 
 
Water service-related assets (1)
 
$
28,679

 
$
18,193

Furniture, fixtures and equipment
 
3,141

 
1,786

Property, plant and equipment at cost
 
31,820

 
19,979

Less: accumulated depreciation
 
(791
)
 
(463
)
Property, plant and equipment, net
 
$
31,029

 
$
19,516

 
 
 
 
 

(1)
Water service-related assets include water wells and water well fields related to water sourcing and water re-use projects.

Depreciation expense was $0.3 million for the three months ended March 31, 2018. Depreciation expense was insignificant for the three months ended March 31, 2017.