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Property, Plant and Equipment

9 Months Ended

Sep. 30, 2021

Property, plant and equipment [Abstract]

Property, plant and equipment

6. Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and amortization and depreciated using the straight-line method over their useful lives. At September 30, 2021 and December 31, 2020, the Company’s property, plant and equipment, net consisted of the following:

			2021				2020
	Computer equipment and software		$	146,925			$	73,991
	Furniture and other equipment			274,629				11,593
	Leasehold improvements			13,871				6,071
	Equipment and machinery			1,223,465				1,127,647
	Automobiles			4,638				4,638
	Building held for leases			196,416				501,336
	Laboratory and temporary units			1,362,760				1,016,238
	Land			3,576,130				—
	Construction in progress			444,051				—
	Property, plant and equipment			7,242,885				2,741,514
	Less: accumulated depreciation			(307,620	)			(58,500	)
	Property, plant and equipment, net		$	6,935,265			$	2,683,014

Depreciation expense for the three months ended September 30, 2021 and 2020 amounted to $96,462 and $1,011 respectively. Depreciation expense for the nine months ended September 30, 2021 and 2020 amounted to $294,860 and $2,858 respectively.

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- References

No definition available.

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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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://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 http://asc.fasb.org/extlink&oid=120429125&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 http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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