Property, Plant and Equipment

6 Months Ended

Jun. 30, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 4 – Property, Plant and Equipment, net:

	June 30,			December 31,
	2018			2017
Refrigeration Equipment	$	75,777,273		$	70,489,454
Machinery and Equipment		48,324,629			47,558,838
Building, Land, and Improvements		25,575,213			25,543,568
Furniture and Office Equipment		4,552,448			4,404,735
Automotive Equipment		319,496			319,496
Leasehold Improvements		392,887			375,661
Construction in Progress		6,090,693			3,763,894
		161,032,639			152,455,646
Less: Accumulated Depreciation and Amortization		(58,334,082	)		(51,857,007	)
	$	102,698,557		$	100,598,639

Depreciation expense related to property, plant and equipment totaled $3,389,814 and $6,658,713 for the three and six months ended June 30, 2018, respectively, of which $1,498,334 and $2,989,329 was recorded to cost of goods sold for the three and six months ended June 30, 2018, 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 $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.