Property, Plant and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	Estimated Useful Lives (in years)	As of March 31, 2017			As of December 31, 2016			(Decrease) Increase
Laboratory and manufacturing  equipment	5-10	$	5,360,730		$	5,562,938		($	202,208	)
Building and improvements	10-33		5,373,019			5,037,512			335,507
Office furniture and equipment	5-10		655,022			653,462			1,560
Construction in progress(1)			7,481,083			3,694,509			3,786,574
Land			526,998			347,114			179,884
Property, plant and equipment, gross			19,396,852			15,295,535			4,101,317
Accumulated depreciation			(5,272,074	)		(5,449,242	)		177,168
Property, plant and equipment, net		$	14,124,778		$	9,846,293		$	4,278,485

⁽¹⁾ Construction in progress consisted principally of costs incurred in connection with the building and equipping of our Nisin production plant for Mast Out^®.