Note 6 - Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6.

  PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment are recorded at cost and depreciated over their useful lives. Maintenance and repair costs are expenses as incurred. Property, plant and equipment are as follows:

	September 30, 2019		December 31, 2018
Land	$	228,872	$	257,205
Buildings and improvements		1,837,721		1,709,165
Machinery & equipment		13,834,588		13,343,878
Total property, plant & equipment		15,901,181		15,310,248
Less: accumulated depreciation		3,189,009		2,006,133
Property plant & equipment, net	$	12,712,172	$	13,304,115

Depreciation expense was

$378,111

 and

$379,495

for the

three

months ended

September 30, 2019

and

2018,

respectively, and was

$1,182,876

 and

$651,455

for the

nine

months ended

September 30, 2019

and

2018,

respectively.