Note 6 - Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2021

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, 2021		December 31, 2020
Land	$	231,034	$	228,872
Buildings and Improvements		2,961,431		2,061,887
Machinery & Equipment		21,612,759		14,329,462
Total Property, Plant & Equipment		24,805,224		16,620,221
Less: Accumulated Depreciation		9,196,022		5,329,438
Property Plant & Equipment, Net	$	15,609,202	$	11,290,783

Depreciation expense for the years ended December 31, 2021 and 2020 was $2,059,157 and $1,707,285, respectively.