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Property, Plant and Equipment, Net
9 Months Ended
Sep. 30, 2021
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,

 

 

 

2021

 

 

2020

 

Land and land improvements

 

$

1,095

 

 

$

1,095

 

Buildings and improvements

 

 

69,463

 

 

 

69,360

 

Machinery and equipment

 

 

239,329

 

 

 

233,743

 

Less: Accumulated depreciation

 

 

(217,354

)

 

 

(206,761

)

Property, plant and equipment, net

 

$

92,533

 

 

$

97,437

 

 

Depreciation expense for the nine months ended September 30, 2021 and September 30, 2020 was $13,166 and $13,003, respectively.