Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.10.0.1
Property, Plant and Equipment
 6 Months Ended
Jun. 30, 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 June 30, 2018 and December 31, 2017 (in thousands):

 
 
June 30, 2018
 
December 31, 2017
Property, plant and equipment:
 
 
 
 
Water service-related assets (1)
 
$
47,988

 
$
18,193

Furniture, fixtures and equipment
 
3,555

 
1,786

Property, plant and equipment at cost
 
51,543

 
19,979

Less: accumulated depreciation
 
(1,270
)
 
(463
)
Property, plant and equipment, net
 
$
50,273

 
$
19,516

 
 
 
 
 

(1)
Water service-related assets reflect assets related to brackish water sourcing and water re-use projects.

Depreciation expense was $0.5 million and $0.8 million for the three and six months ended June 30, 2018, respectively. Depreciation expense was $0.1 million for each of the three and six months ended June 30, 2017.