Note 6 - Property, Plant and Equipment, Net

12 Months Ended

Dec. 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:

	December 31, 2020		December 31, 2019
Land	$	228,872	$	228,872
Buildings and Improvements		2,061,887		1,837,009
Machinery & Equipment		14,329,462		13,950,444
Total Property, Plant & Equipment		16,620,221		16,016,325
Less: Accumulated Depreciation		5,329,438		3,622,153
Property Plant & Equipment, Net	$	11,290,783	$	12,394,172

Depreciation expense for the years ended

December 31, 2020

and

2019

was

$1,707,285

and

$1,645,829,

respectively.