PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

5.   PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	December 31,
	2024		2023
Land	$	261,893	$	261,893
Buildings and building improvements		38,280,191		37,573,316
Production equipment		88,347,336		88,237,274
Office furniture and equipment		5,267,203		5,149,298
Construction in progress		2,475,485		1,970,386
		134,632,108		133,192,167
Accumulated depreciation		(47,283,590)		(39,713,646)
	$	87,348,518	$	93,478,521

Depreciation expense for the years ended December 31, 2024, 2023, and 2022 was $7.6 million; $7.5 million; and $4.6 million, respectively.