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PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

 

Property and equipment as of March 31, 2023 and December 31, 2022 is summarized as follows:

 

  

March 31, 2023

   December 31, 2022 
Machinery and Equipment  $17,517,175   $12,995,494 
Furniture and Fixtures   6,128    6,128 
Land   980,129    980,129 
Buildings   724,170    724,170 
Vehicles   20,000    20,000 
Leaseholder Improvements   1,578,651    988,100 
Subtotal   20,826,253    15,714,021 
Less accumulated depreciation   (3,075,714)   (2,546,486)
Property and equipment, net  $17,750,539   $13,167,535 

 

Depreciation expense for the three months ended March 31, 2023 and 2022 was $529,228 and $134,131, respectively.