Note 5 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

5

– Property, Plant and Equipment

Major classes of property, plant and equipment consist of the following:

	201 9			201 8
Land	$	6,929,000		$	6,929,000
Buildings		15,917,000			15,920,925
Building improvements		7,864,757			6,603,121
Machinery and equipment		3,592,351			3,385,357
Furniture and fixtures		613,765			611,190
Computer equipment		487,902			487,007
Software		438,391			441,376
Transportation equipment		114,511			65,995
Lab equipment		1,985,179			1,985,179
Construction in Progress		2,110,875			946,960
Totals at cost	$	40,053,731		$	37,376,110
Less: Accumulated depreciation and amortization		(7,951,396	)		(6,973,552	)
Property, plant and equipment, net	$	32,102,335		$	30,402,558
Depreciation and amortization expense (1)	$	1,042,829		$	1,141,161

(

1

) Includes amortization expense of

$120,488

and

$115,800

for the year ending

December 31, 2019

and the year ended

December 31, 2018,

respectively. Such amortization expense relates to other capitalized and intangibles assets.