XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

 

Property and equipment stated at cost, less accumulated depreciation and amortization, consisted of the following:

 

   June 30, 2021   December 31, 2020 
         
Machinery and Equipment  $9,562,500   $8,908,000 
Vehicles   71,800    73,500 
Furniture and Fixtures   147,600    136,300 
Leasehold Improvements   7,000    7,000 
           
Total Fixed Assets   9,788,900    9,124,800 
           
Less Accumulated Depreciation   (1,350,100)   (948,800)
           
Fixed Assets, Net  $8,438,800   $8,176,000 

 

Depreciation expense was $242,900 and $144,000 for the three months ended June 30, 2021 and 2020, respectively.

 

Depreciation expense was $483,100 and $285,900 for the six months ended June 30, 2021 and 2020, respectively.