Note 6 - Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2022

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, 2022		December 31, 2021
Land	$	231,034	$	231,034
Buildings and Improvements		3,222,243		2,961,431
Machinery & Equipment		23,301,660		21,612,759
Total Property, Plant & Equipment		26,754,937		24,805,224
Less: Accumulated Depreciation		11,541,494		9,196,022
Property Plant & Equipment, Net	$	15,213,443	$	15,609,202

Depreciation expense for the years ended December 31, 2022 and 2021 was $2,398,445 and $2,059,157, respectively.