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

NOTE 6 – Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Land and land improvements

 

$

1,100

 

 

$

1,095

 

Buildings and improvements

 

 

71,644

 

 

 

69,614

 

Machinery and equipment

 

 

253,659

 

 

 

247,708

 

Less: Accumulated depreciation

 

 

(230,497

)

 

 

(221,541

)

Property, plant and equipment, net

 

$

95,906

 

 

$

96,876

 

 

Depreciation expense for the nine months ended September 30, 2022 and September 30, 2021 was $13,548 and $13,166, respectively.