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Note 3 - Property and Equipment
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following on December 31, 2024, and 2023:

 

  Useful life  December 31,  December 31, 
  

(Years)

  

2024

  

2023

 

Production equipment

 3 - 10  $9,553,545  $9,433,581 

Production equipment - finance lease

 3 - 10   3,675,935   5,182,375 

Lab equipment

 3 - 10   123,611   130,909 

Computer equipment

 3 - 5   1,103,623   1,141,790 

Computer equipment - finance lease

 3 - 5   80,518   - 

Vehicles

 3 - 5   21,067   26,897 

Furniture and fixture

 5   1,378,252   1,474,032 

Furniture and fixture - finance lease

 5   326,411   260,911 

Leasehold improvements

 5 - 10   3,007,321   3,184,871 
      19,270,283   20,835,366 

Less accumulated depreciation

     (11,494,435)  (10,950,622)

Less accumulated depreciation - finance lease

     (1,157,026)  (877,578)

Net Property and Equipment

    $6,618,822  $9,007,166 

 

Depreciation expense amounted to $2,089,478 and $2,472,031 for the year ended December 31, 2024, and 2023, respectively. Of the $2,089,478 for the year ended December 31, 2024, $1,830,553 is allocated to cost of goods sold and $258,925 is allocated to operating expenses.