Note 3 - Property, Plant and Equipment

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property, Plant and Equipment:

	September 30,			December 31,
	2022			2021
Refrigeration Equipment	$	132,233		$	122,063
Machinery and Equipment		162,863			140,471
Building, Land, and Improvements		167,463			150,927
Furniture and Office Equipment		9,340			8,844
Leasehold Improvements		1,319			1,319
Construction in Progress		382,043			273,880
		855,260			697,504
Less: Accumulated Depreciation		(135,816	)		(113,582	)
Property, plant and equipment, net	$	719,444		$	583,922

Depreciation expense related to property, plant and equipment totaled $8,485 and $24,264 for the three and nine months ended September 30, 2022, respectively, of which $5,159 and $14,208 was recorded to cost of goods sold for the three and nine months ended September 30, 2022, 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 $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.