PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

The following table summarizes property, plant and equipment as of March 31, 2017 and December 31, 2016:



	As of March 31,			As of December 31,
	2017			2016
Building	$	5,828,960		$	5,828,960
Furniture, fixtures, computer hardware and computer software	489,421			489,421
Manufacturing machinery and equipment	30,300,391			30,300,391
Net depreciable property, plant and equipment	36,618,772			36,618,772
Manufacturing machinery and equipment in progress	20,688			20,688
Property, plant and equipment	36,639,460			36,639,460
Less: Accumulated depreciation and amortization	(31,318,072		)	(30,983,448		)
Net property, plant and equipment	$	5,321,388		$	5,656,012

The Company analyzes its long-lived assets for impairment, both individually and as a group, whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable.

Depreciation expense for the three months ended March 31, 2017 and 2016 was $334,624 and $1,362,718, respectively. Depreciation expense is recorded under “Depreciation and amortization expense” in the Condensed Consolidated Statements of Operations.