Note 3 - Property, Plant and Equipment

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property, Plant and Equipment:

	March 31,			December 31,
	2023			2022
Refrigeration Equipment	$	140,539		$	137,875
Machinery and Equipment		200,115			199,504
Building, Land, and Improvements		458,474			458,800
Furniture and Office Equipment		14,121			14,040
Leasehold Improvements		1,319			1,319
Construction in Progress		169,589			134,338
		984,156			945,877
Less: Accumulated Depreciation		(158,004	)		(145,291	)
Property, plant and equipment, net	$	826,152		$	800,586

Depreciation expense related to property, plant and equipment totaled $14,394 for the three months ended March 31, 2023, of which $10,721 was recorded to cost of goods sold for the three months ended March 31, 2023, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $7,947 for the three months ended March 31, 2022, of which $4,701 was recorded to cost of goods sold for the three months ended March 31, 2022, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.