Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

Property, Plant and Equipment, net

Property, plant and equipment were as follows:

	December 31, 2024		December 31, 2023
Building and improvements	$	10,110,188	$	10,108,917
Furniture, fixtures and equipment	48,517,228		42,594,605
Construction in progress	879,220		5,078,103
	59,506,636		57,781,625
Less: accumulated depreciation	(13,770,310)		(11,373,085)
	$	45,736,326	$	46,408,540

Depreciation and amortization expense recorded in the years ended December 31, 2024 and 2023 was approximately $2,324,000 and $3,937,000, respectively, which is included as a component of cost of goods sold.

During the years ended December 31, 2024 and 2023, interest capitalized to property, plant and equipment under construction was approximately $0 and $266,000, respectively.