PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

The following table summarizes property, plant and equipment as of September 30, 2016 and December 31, 2015:



	As of September 30,			As of December 31,
	2016			2015
Building	$	5,828,960		$	5,828,960
Furniture, fixtures, computer hardware and computer software	480,976			480,976
Manufacturing machinery and equipment	31,241,627			31,265,800
Net depreciable property, plant and equipment	37,551,563			37,575,736
Manufacturing machinery and equipment in progress	34,514			—
Property, plant and equipment	37,586,077			37,575,736
Less: Accumulated depreciation and amortization	(31,561,735		)	(28,484,708		)
Net property, plant and equipment	$	6,024,342		$	9,091,028

The Company analyzes its long-lived assets for impairment, both individually and as a group, whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable.

Depreciation expense for the three months ended September 30, 2016 and 2015 was $384,738 and $1,381,521, respectively. Depreciation expense for the nine months ended September 30, 2016 and 2015 was $3,106,948 and $4,212,012, respectively. Depreciation expense is recorded under “Depreciation and amortization expense” in the Condensed Consolidated Statements of Operations.