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Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2023

Property and Equipment [Abstract]

Schedule of Property and Equipment

The components of property and equipment at March 31, 2023 and December 31, 2022 consisted of the following:

		March 31,				December 31,
		2023				2022
Land		$	300,000			$	300,000
Buildings and Improvements			1,789,000				1,789,000
Machinery and Equipment			24,497,000				23,566,000
Finance Lease ROU Assets - Machinery and Equipment			375,000				375,000
Tools and Instruments			13,774,000				13,744,000
Automotive Equipment			266,000				266,000
Furniture and Fixtures			300,000				290,000
Leasehold Improvements			941,000				941,000
Computers and Software			604,000				604,000
Total Property and Equipment			42,846,000				41,875,000
Less: Accumulated Depreciation			(33,898,000	)			(33,282,000	)
Property and Equipment, net		$	8,948,000			$	8,593,000

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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