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Property, Plant and Equipment
 9 Months Ended
Sep. 30, 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

September 30, 2017

  

 

As of

December 31, 2016

  

 

(Decrease)

Increase

 
Laboratory and manufacturing equipment 3-10 $5,512,098  $5,562,938  ($50,840)
Building and improvements 10-33  5,387,614   5,037,512   350,102 
Office furniture and equipment 3-10  697,585   653,462   44,123 
Construction in progress    17,111,445   3,694,509   13,416,936 
Land    518,998   347,114   171,884 
Property, plant and equipment, gross    29,227,740   15,295,535   13,932,205 
Accumulated depreciation    (5,684,250)  (5,449,242)  (235,008)
Property, plant and equipment, net   $23,543,490  $9,846,293  $13,697,197 

 

Construction in progress consisted principally of costs incurred in connection with the building and equipping of our Nisin production plant. Approximately $431,970 and $0 of property, plant and equipment was disposed of during the nine-month periods ended September 30, 2017 and 2016, respectively.