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PROPERTY PLANT AND EQUIPMENT and INVESTMENT IN REAL ESTATE, NET | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY PLANT AND EQUIPMENT and INVESTMENT IN REAL ESTATE, NET | 9. PROPERTY PLANT AND EQUIPMENT and INVESTMENT IN REAL ESTATE, NET Property, plant and equipment consisted of the following as of December 31, 2022: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
|  | Estimated |  |  |  |  |  |
|  | Useful Life |  | 2022 |  |  | 2021 |
Machinery and equipment |  | 5-10 years |  | $ | 9,170,000 |  |  | $ | 7,005,000 |
Building and improvements |  | 28-39 years |  |  | 5,103,000 |  |  |  | 11,234,000 |
Land |  |  |  |  | 1,817,000 |  |  |  | 185,000 |
Furniture and fixtures |  | 7 years |  |  | 501,000 |  |  |  | 397,000 |
Software and websites |  | 3 years |  |  | 320,000 |  |  |  | 1,099,000 |
Construction in progress |  |  |  |  | 667,000 |  |  |  | 4,208,000 |
Total Cost |  |  |  |  | 17,578,000 |  |  |  | 24,128,000 |
Less accumulated depreciation |  |  |  |  | 4,187,000 |  |  |  | 6,454,000 |
Property, plant and equipment, net |  |  |  | $ | 13,391,000 |  |  | $ | 17,674,000 |
Depreciation expense for the years ended December 31, 2022 and 2021 was $1,569,000 and $1,129,000 respectively. Of the $1,569,000 of depreciation, $872,000 is included in selling, general and administrative costs, and the remaining $697,000 is included in cost of revenue. Real Estate consisted of the following at December 31: SCHEDULE OF INVESTMENT IN REAL ESTATE
|  | Estimated |  |  |  |  |  |
|  | Useful Life |  | 2022 |  |  | 2021 |
Building and improvements |  | 1-30 years |  | $ | 42,665,000 |  |  | $ | 42,073,000 |
Land |  |  |  |  | 14,861,000 |  |  |  | 14,721,000 |
Total Cost |  |  |  |  | 57,526,000 |  |  |  | 56,794,000 |
Less: accumulated depreciation |  |  |  |  | 2,497,000 |  |  |  | 420,000 |
Investment in real estate |  |  |  | $ | 55,029,000 |  |  | $ | 56,374,000 |
Depreciation expense for the years ended December 31, 2022 and 2021 was $2,077,000 and $420,000 respectively.

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- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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