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Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

7. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following, at cost:

 

    As of
March 31,
2016		     As of
December 31,
2015		     Increase
(Decrease)		  
                   
Laboratory and manufacturing equipment   $ 5,139,329     $ 3,766,556     $ 1,372,773  
Building and improvements     4,935,842       4,716,204       219,638  
Office furniture and equipment     569,129       568,188       941  
Construction in progress(1)     18,751       1,084,924       (1,066,173 )
Land     348,827       333,486       15,341  
Property, plant and equipment, gross     11,011,878       10,469,358       542,520  
Accumulated depreciation     (4,911,076 )     (4,750,544 )     (160,532 )
Property, plant and equipment, net   $ 6,100,802     $ 5,718,814     $ 381,988  

  

(1) As of March 31, 2016, construction in progress included $10,861 in payments related to the construction of our commercial-scale Nisin plant. As of December 31, 2015, construction in progress consisted principally of partial payments towards new manufacturing equipment.