Fixed Assets

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Fixed Assets

Note 4: Fixed Assets

Fixed assets at March 31, 2019 and December 31, 2018 are summarized in the table below: 

Description	Useful Life (Years)		March 31,  2019			December 31, 2018
Building		30	$	3,040,000		$	3,040,000
Machinery and Equipment		3 - 7		2,362,442			2,244,744
Furniture and Fixtures		7		126,654			126,654
Automobile		5		9,395			9,395
Leasehold Improvements		7 - 15		284,037			284,037
Total Fixed Assets				5,822,528			5,704,830
Less: Accumulated Depreciation				(1,734,019	)		(1,578,049	)
Land				460,000			460,000
Construction In Progress - Equipment				6,739,474			5,281,140
Fixed Assets, net			$	11,287,983		$	9,867,921

For the three months ended March 31, 2019 and March 31, 2018, depreciation expense was approximately $156,000 and $152,000, respectively.