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PROPERTY, PLANT AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2020
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

The following table summarizes property, plant and equipment as of March 31, 2020 and December 31, 2019:

 

 

 

As of

March 31,

 

 

As of

December 31,

 

 

 

2020

 

 

2019

 

Building

 

$

5,828,960

 

 

$

5,828,960

 

Furniture, fixtures, computer hardware and computer

   software

 

 

489,421

 

 

 

489,421

 

Manufacturing machinery and equipment

 

 

25,986,189

 

 

 

26,593,588

 

Depreciable property, plant and equipment

 

 

32,304,570

 

 

 

32,911,969

 

Less: Accumulated depreciation and amortization

 

 

(28,113,801

)

 

 

(28,677,350

)

Net property, plant and equipment

 

$

4,190,769

 

 

$

4,234,619