Note 5 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2020

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:

	2020			2019
Land	$	6,929,000		$	6,929,000
Buildings		15,917,000			15,917,000
Building improvements		8,141,791			7,864,757
Machinery and equipment		3,340,005			3,592,351
Furniture and fixtures		613,765			613,765
Computer equipment		493,349			487,902
Software		435,593			438,391
Transportation equipment		114,511			114,511
Lab equipment		1,992,179			1,985,179
Construction in Progress		93,936			2,110,875
Totals at cost	$	38,071,129		$	40,053,731
Less: Accumulated depreciation and amortization		(9,227,566	)		(7,951,396	)
Property, plant and equipment, net	$	28,843,563		$	32,102,335
Depreciation and amortization expense (1)	$	1,389,145		$	1,042,829

(

1

)   Includes amortization expense of

$124,550

and

$120,488

for the year ending

December 31, 2020

and the year ended

December 31, 2019,

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