Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

9. Property, Plant and Equipment

Property, plant and equipment at December 31, 2014 and 2013 consist of the following:

	December 31, 2014			December 31, 2013
Land	$	90,000		$	90,000
Buildings		15,332,232			15,332,232
Building improvements		5,031,803			4,923,827
Software, machinery and equipment		11,396,627			10,658,236

		31,850,662			31,004,295
Less accumulated depreciation		(26,538,755	)		(25,726,628	)

Property, plant, and equipment, net	$	5,311,907		$	5,277,667

Depreciation expense related to property, plant and equipment was $1.4 million, $1.4 million and $1.9 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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