Note 3 - Property, Plant and Equipment

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property, Plant and Equipment, net:

	June 30,			December 31,
	2023			2022
Refrigeration Equipment	$	145,870		$	137,875
Machinery and Equipment		220,514			199,504
Building, Land, and Improvements		473,154			458,800
Furniture and Office Equipment		14,626			14,040
Leasehold Improvements		1,319			1,319
Construction in Progress		180,230			134,338
		1,035,713			945,877
Less: Accumulated Depreciation		(170,476	)		(145,291	)
Property, plant and equipment, net	$	865,237		$	800,586

Depreciation expense related to property, plant and equipment totaled $14,346 and $28,740 for the three and six months ended June 30, 2023, respectively, of which $10,618 and $21,339 was recorded to cost of goods sold for the three and six months ended June 30, 2023, respectively, with the remainder of depreciation expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $7,832 and $15,779 for the three and six months ended June 30, 2022, respectively, of which $4,295 and $8,996 was recorded to cost of goods sold for the three and six months ended June 30, 2022, respectively, with the remainder of depreciation expense recorded to selling, general and administrative expense.