XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Property, Plant and Equipment | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
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, 2023 and December 31, 2022, the Company’s property, plant and equipment, net consisted of the following:
|  | 2023 |  |  | 2022 |
Computer equipment and software |  | $ | 99,505 |  |  | $ | 94,530 |
Furniture and other equipment |  |  | 271,798 |  |  |  | 271,798 |
Leasehold improvements |  |  | 17,280 |  |  |  | 17,280 |
Equipment and machinery |  |  | 943,464 |  |  |  | 943,464 |
Automobiles |  |  | 4,638 |  |  |  | 4,638 |
Building held for leases |  |  | 196,416 |  |  |  | 196,416 |
Laboratory and temporary units |  |  | 1,364,748 |  |  |  | 1,364,748 |
Land |  |  | 1,190,655 |  |  |  | 1,190,655 |
Building |  |  | 969,113 |  |  |  | — |
Construction in progress |  |  | 2,840,174 |  |  |  | 2,244,100 |
Property, plant and equipment |  |  | 7,897,791 |  |  |  | 6,327,629 |
Less: accumulated depreciation |  |  | (996,374 | ) |  |  | (718,726 | )
Property, plant and equipment, net |  | $ | 6,901,417 |  |  | $ | 5,608,903 |
Depreciation expense for the three months ended September 30, 2023 and 2022 amounted to $92,984 and $106,271 respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 amounted to $277,648 and $317,249 respectively. |
7. | 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 December 31, 2022 and 2021, the Company’s property, plant and equipment, net consisted of the following:
|  | 2022 |  |  | 2021 |
Computer equipment and software |  | $ | 94,530 |  |  | $ | 156,701 |
Furniture and other equipment |  |  | 271,798 |  |  |  | 275,606 |
Leasehold improvements |  |  | 17,280 |  |  |  | 15,400 |
Equipment and machinery |  |  | 943,464 |  |  |  | 1,219,056 |
Automobiles |  |  | 4,638 |  |  |  | 4,638 |
Building held for lease |  |  | 196,416 |  |  |  | 196,416 |
Laboratory and temporary units |  |  | 1,364,748 |  |  |  | 1,362,760 |
Land |  |  | 1,190,655 |  |  |  | 3,576,130 |
Construction in process |  |  | 2,244,100 |  |  |  | 442,515 |
Property, plant and equipment |  |  | 6,327,629 |  |  |  | 7,249,222 |
Less: accumulated depreciation |  |  | (718,726 | ) |  |  | (409,279 | )
Property, plant and equipment, net |  | $ | 5,608,903 |  |  | $ | 6,839,943 |
Depreciation expense for the years ended December 31, 2022 and 2021 amounted to $410,314 and $398,744, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration