Property, Plant and Equipment

3 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 4 – Property, Plant and Equipment:

	March 31,			December 31,
	2019			2018
Refrigeration Equipment	$	84,314,926		$	79,567,389
Machinery and Equipment		52,803,479			51,800,479
Building, Land, and Improvements		25,606,013			25,606,013
Furniture and Office Equipment		5,151,742			4,884,945
Leasehold Improvements		393,770			393,770
Automotive Equipment		319,496			319,496
Construction in Progress		9,858,712			4,769,268
		178,448,138			167,341,360
Less: Accumulated Depreciation		(68,888,151	)		(65,247,112	)
	$	109,559,987		$	102,094,248

Depreciation expense related to property, plant and equipment totaled $3,643,492 for the three months ended March 31, 2019, of which $1,566,088 was recorded to cost of goods sold for the three months ended March 31, 2019, with the remainder of depreciation and amortization expense recorded to selling, general and administrative expense.

Depreciation expense related to property, plant and equipment totaled $3,268,899 for the three 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.