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PROPERTY, PLANT AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

The following table summarizes property, plant and equipment as of June 30, 2023 and December 31, 2022:

 

 

 

As of
June 30,

 

 

As of
December 31,

 

 

 

2023

 

 

2022

 

Furniture, fixtures, computer hardware and
   computer software

 

$

592,336

 

 

$

482,235

 

Manufacturing machinery and equipment

 

 

25,492,755

 

 

 

21,739,504

 

Leasehold improvements

 

 

103,951

 

 

 

87,957

 

Manufacturing machinery and equipment,
   in progress

 

 

242,500

 

 

 

280,473

 

Depreciable property, plant and equipment

 

 

26,431,542

 

 

 

22,590,169

 

Less: Accumulated depreciation and amortization

 

 

(22,079,147

)

 

 

(22,038,508

)

Net property, plant and equipment

 

$

4,352,395

 

 

$

551,661