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Property Plant and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment

NOTE 5 - PROPERTY PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following at December 31:

 

        2018     2017  
    Estimated
Useful Life
           
                 
Machinery and equipment   5-10 years (2)   $ 7,723,763     $ 6,796,617  
Building and improvements   39 years     1,923,027       1,923,027  
Land         185,000       185,000  
Leasehold improvements   See (1)     760,286       722,984  
Furniture and fixtures   7 years     94,364       71,903  
Software and websites   3 years     187,511       171,007  
                     
Total cost         10,873,951       9,870,538  
Less accumulated depreciation         5,859,457       5,064,898  
                     
Property, plant, and equipment, net       $ 5,014,494     $ 4,805,640  

 

(1) Expected lease term between 3 and 10 years.

(2)  Included in machinery and equipment are costs of approximately $550,000 related to equipment in process that will be placed into service in 2019. Depreciation of the machinery and equipment will begin once the asset is placed into service.