PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

4.PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	December 31,
	2014			2013

Land	$	261,893		$	261,893
Buildings and building improvements	11,414,961			11,389,181
Production equipment	15,609,824			15,602,709
Office furniture and equipment	3,147,786			3,114,451
Construction in progress	1,552,379			610,679
Automobiles	102,321			102,321
	32,089,164			31,081,234
Accumulated depreciation	(21,236,311		)	(20,171,062		)
	$	10,852,853		$	10,910,172

Depreciation expense for the years ended December 31, 2014, 2013, and 2012 was $1,065,248; $1,272,770; and $1,264,326, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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