Property, Plant and Equipment, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

Property, Plant and Equipment, net

Property, plant and equipment were as follows:

	June 30, 2024		December 31, 2023
Building and improvements	$	10,108,915	$	10,108,917
Furniture, fixtures and equipment	42,673,155		42,594,605
Construction in progress	6,044,087		5,078,103
	58,826,157		57,781,625
Less: accumulated depreciation	(12,762,509)		(11,373,085)
	$	46,063,648	$	46,408,540

Depreciation expense recorded in the three and six month periods ended June 30, 2024 and 2023 was approximately $395,000 and $962,000 for the three months ended and $1,400,000 and $1,900,000 for the six months ended, respectively, which is included as a component of cost of goods sold.