XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.1
Fixed Assets
3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 5: Fixed Assets

 

Fixed assets at March 31, 2022 and December 31, 2021 are summarized in the table below:

 

Description Useful Life
(Years)
    March 31,
 2022
  December 31,
2021
Machinery and Equipment  3-5     $  4,519,382      $ 4,522,583  
Less: Accumulated Depreciation         (3,525,722)        (3,181,567 )
Construction In Progress - Equipment         1,144,235        993,752  
Fixed Assets, net $ 2,137,895     $ 2,334,768  

  

For the three months ended March 31, 2022 and 2021, depreciation expense was approximately $344,000 and $328,000, respectively.