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PROPERTY, PLANT, AND EQUIPMENT
12 Months Ended
Dec. 31, 2016
PROPERTY, PLANT, AND EQUIPMENT  
PROPERTY, PLANT, AND EQUIPMENT

 

4.PROPERTY, PLANT, AND EQUIPMENT

 

Property, plant, and equipment consist of the following:

 

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

 

 

 

 

Land

 

$

261,893

 

$

261,893

 

Buildings and building improvements

 

11,561,320

 

11,485,797

 

Production equipment

 

17,762,025

 

15,648,515

 

Office furniture and equipment

 

3,415,985

 

3,316,390

 

Construction in progress

 

1,941,687

 

2,739,260

 

Automobiles

 

102,321

 

102,321

 

 

 

 

 

 

 

 

 

35,045,231

 

33,554,176

 

Accumulated depreciation

 

(22,953,194

)

(22,086,115

)

 

 

 

 

 

 

 

 

$

12,092,037

 

$

11,468,061

 

 

 

 

 

 

 

 

 

 

Depreciation expense for the years ended December 31, 2016, 2015, and 2014 was $867,080; $849,804; and $1,065,248, respectively.