Note 6 - Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2020

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:

	March 31, 20 20		December 31, 201 9
Land	$	228,872	$	228,872
Buildings and improvements		1,890,494		1,837,009
Machinery & equipment		14,049,260		13,950,444
Total property, plant & equipment		16,168,626		16,016,325
Less: accumulated depreciation		4,056,837		3,622,153
Property plant & equipment, net	$	12,111,789	$	12,394,172

Depreciation expense was

$434,684

 and

$400,601

for the

three

months ended

March 31, 2020

and

2019,

respectively.