PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2025

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

5.   PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	December 31,
	2025		2024
Land	$	261,893	$	261,893
Buildings and building improvements		38,322,742		38,280,191
Production equipment		89,452,771		88,347,336
Office furniture and equipment		5,264,835		5,267,203
Construction in progress		911,145		2,475,485
		134,213,386		134,632,108
Accumulated depreciation		(55,033,337)		(47,283,590)
	$	79,180,049	$	87,348,518

Depreciation expense for the years ended December 31, 2025, 2024, and 2023 was $7.8 million; $7.6 million; and $7.5 million, respectively.