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Property, plant and equipment | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
Property, plant and equipment | Property, plant and equipment Major classifications of property, plant and equipment are summarized as follows for December 31, 2018 and 2017:
|  | 2018 |  | 2017
Land |  | $ | 704,567 |  |  | $ | 676,083 |
Building and improvements |  | 9,244,737 |  |  | 9,187,160 |
Construction in process |  | 6,091,265 |  |  | 5,119,961 |
Equipment |  | 9,713,030 |  |  | 8,211,510 |
Office furniture and equipment |  | 192,606 |  |  | 136,091 |
Vehicles |  | 26,832 |  |  | 29,135 |
Total property and equipment |  | $ | 25,973,037 |  |  | $ | 23,359,940 |
Less accumulated depreciation and amortization |  | (2,256,269 | ) |  | (1,556,964 | )
Property, plant and equipment, net |  | $ | 23,716,768 |  |  | $ | 21,802,976 |
Depreciation and amortization expense for 2018 on property, plant and equipment was $829,684 (2017: $171,242; 2016: 140,649). In July 2016, the Company purchased the property, plant and equipment of the former Atlantic Sea Smolt plant in Rollo Bay West on Prince Edward Island for $717,225, including legal and other expenses incurred. The Company allocated the purchase price to land, building, and equipment based on valuations and management’s estimates. Included in construction in process is $5.7 million for renovation and new construction costs incurred at our Rollo Bay farm site. An additional $785 thousand has been committed. In June 2017, the Company purchased the aquaculture facility of Bell Fish Company LLC in Albany, Indiana, for $14.2 million, including legal and other expenses incurred. Through December 31, 2018, the Company has invested $2.6 million to upgrade the facility for use to grow out its AquAdvantage Salmon for harvest and sale in the United States. The Company currently has an additional $122 thousand committed to this project. This facility is operational, although the Company expects that upgrades will continue through 2020.

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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