Property, Plant and Equipment

3 Months Ended

Mar. 31, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 4 – Property, Plant and Equipment:

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

	March 31,			December 31,
	2018			2017
Refrigeration Equipment	$	73,064,348		$	70,489,454
Machinery and Equipment		47,567,572			47,558,838
Building, Land, and Improvements		25,543,570			25,543,568
Furniture and Office Equipment		4,471,919			4,404,735
Automotive Equipment		319,495			319,496
Leasehold Improvements		385,089			375,661
Construction in Progress		5,358,832			3,763,894
		156,710,825			152,455,646
Less: Accumulated Depreciation and Amortization		(55,047,406	)		(51,857,007	)
	$	101,663,419		$	100,598,639

Depreciation expense related to property, plant and equipment totaled $ 3,268,899 for the three months ended March 31, 2018 of which $1,490,995 was recorded to cost of goods sold for the three months ended March 31, 2018, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $2,996,170 for the three ended March 31, 2017, of which $1,433,617  was recorded to cost of goods sold for the three months ended March 31,2017, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.