XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

Property, Plant and Equipment, Net | 9 Months Ended
--- | ---
Sep. 30, 2024
Property, Plant and Equipment, Net [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, net | 7. PROPERTY, PLANT AND EQUIPMENT, net Property, plant and equipment consisted of the following:
|  | Estimated Useful Lives (in years) |  | As of September 30, 2024 |  |  | As of December 31, 2023 |
Laboratory and manufacturing equipment |  | 3-10 |  | $ | 21,183,888 |  |  | $ | 20,953,601 |
Buildings and improvements |  | 10-39 |  |  | 20,858,708 |  |  |  | 20,784,565 |
Office furniture and equipment |  | 3-10 |  |  | 1,053,436 |  |  |  | 1,036,374 |
Construction in progress |  | n/a |  |  | 2,588,630 |  |  |  | 2,768,224 |
Land |  | n/a |  |  | 516,867 |  |  |  | 516,867 |
Property, plant and equipment, gross |  |  |  |  | 46,201,529 |  |  |  | 46,059,631 |
Accumulated depreciation |  |  |  |  | (20,381,196 | ) |  |  | (18,483,948 | )
Property, plant and equipment, net |  |  |  | $ | 25,820,333 |  |  | $ | 27,575,683 |
As of September 30, 2024 and December 31, 2023, construction in progress consisted principally of payments toward the First Defense® production capacity expansion project and equipment needed to bring the formulation and aseptic filling for Re-Tain® in-house. Property, plant and equipment disposals were $49,652 and $43,503 during the three-month periods ended September 30, 2024 and 2023, respectively, and $120,814 and $100,142 during the nine-month periods ended September 30, 2024 and 2023, respectively. Depreciation expense was $670,346 and $695,635 during the three-month periods ended September 30, 2024 and 2023, respectively, and $1,999,005 and $2,027,788 during the nine-month periods ended September 30, 2024 and 2023, respectively.

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration