Property, Plant and Equipment

6 Months Ended

Jun. 30, 2017

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 4 – Property, Plant and Equipment:

Property, plant and equipment, net are summarized as follows:

	June 30, 2017			December 31, 2016
Refrigeration Equipment	$	66,740,955		$	62,603,188
Machinery and Equipment		46,396,613			45,953,884
Building, Land, and Improvements		25,162,046			25,114,611
Furniture and Office Equipment		4,214,652			3,941,995
Automotive Equipment		319,496			317,615
Leasehold Improvements		311,348			297,681
Construction in Progress		4,112,171			2,841,035
		147,257,281			141,070,009
Less: Accumulated Depreciation and Amortization		(45,598,847	)		(39,576,929	)
	$	101,658,434		$	101,493,080

Depreciation expense related to property, plant and equipment totaled $3,085,140 and $6,081,309 for the three and six months ended June 30, 2017, of which $1,448,015 and $2,881,632 was recorded to cost of goods sold for the three and six months ended June 30, 2017, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $2,127,220 and $4,161,502 for the three and six months ended June 30, 2016 of which $740,099 and $1,418,777 was recorded to cost of goods sold for the three and six months ended June 30, 2016 with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.