Note 3 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property, Plant and Equipment:

	September 30,			December 31,
	2021			2020
Refrigeration Equipment	$	119,999		$	107,703
Machinery and Equipment		118,233			106,336
Building, Land, and Improvements		103,976			101,786
Furniture and Office Equipment		8,134			5,687
Leasehold Improvements		1,314			1,301
Construction in Progress		226,567			44,497
		578,223			367,310
Less: Accumulated Depreciation		(106,259	)		(86,237	)
Property, plant and equipment, net	$	471,964		$	281,073

Depreciation expense related to property, plant and equipment totaled $7,389 and $21,571 for the three and nine months ended September 30, 2021, respectively, of which $4,075 and $11,896 was recorded to cost of goods sold for the three and nine months ended September 30, 2021, respectively, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $4,970 and $14,709 for the three and nine months ended September 30, 2020, respectively, of which $2,129 and $6,422 was recorded to cost of goods sold for the three and nine months ended September 30, 2020, respectively, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.