Note 6 - Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 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:

	June 3 0 , 2020		December 31, 2019
Land	$	228,872	$	228,872
Buildings and improvements		1,949,370		1,837,009
Machinery & equipment		14,060,723		13,950,444
Total property, plant & equipment		16,238,965		16,016,325
Less: accumulated depreciation		4,482,606		3,622,153
Property plant & equipment, net	$	11,756,359	$	12,394,172

Depreciation expense was

$425,769

 and

$375,987

for the

three

months ended

June 30, 2020

and

2019,

respectively,

$860,453

and 

$804,765

for the

six

months ended

June 30, 2020

and

2019,

respectively.