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Properties, Plant and Equipment, Net
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Properties, Plant and Equipment, Net

5. Properties, Plant and Equipment, Net

 

Properties, plant and equipment at September 30, 2022 and December 31, 2021 consisted of the following:

 

   September 30, 2022   December 31, 2021 
Land  $332,453   $305,134 
Buildings   2,337,690    2,365,584 
Machinery and Equipment   952,230    963,289 
Office Equipment and Furniture   49,757    50,331 
Finance lease assets   

273,487

    

-

 
Vehicles   100,866    102,070 
Construction in Process   44,663    26,529 
Property, Plant and Equipment, gross   4,091,146    3,812,937 
Less Accumulated Depreciation   (3,388,231)   (3,381,666)
Total Property, Plant and Equipment  $702,915   $431,271 

 

During the nine months ended September 30, 2022 and 2021, the Company recognized depreciation expense of $46,444 and $39,098, respectively. The following table summarizes the allocation of depreciation expense between cost of goods sold and general and administrative expenses.

 

Depreciation Allocation  September 30, 2022   September 30, 2021 
Cost of Goods Sold  $42,675   $32,466 
General and Administrative   3,769    6,632 
Total  $46,444   $39,098