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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 6. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following at December 31, 2021 and 2020:

 

   Estimated
Useful Life		   December 31,
2021		   December 31,
2020		 
Building   30 years   $4,909,478   $372,441 
Land   

Infinite

    

789,734

    

50,000

 
Office furniture, fixtures and equipment   3-10 years    493,652    232,472 
Warehouse and production equipment   3-5 years    65,948    96,415 
Demonstration and tradeshow equipment   2-5 years    82,337    107,241 
Building improvements   2-15 years    911,940    289,865 
Rental equipment   1-3 years    8,584    71,548 
Total cost        7,261,673    1,219,983 
Less: accumulated depreciation and amortization        (420,647)   (553,183)
                
Net property, plant and equipment       $6,841,026   $666,800 

 

 

Depreciation and amortization of property, plant and equipment aggregated $258,999 and $62,048 for the years ended December 31, 2021 and 2020, respectively. The cost and accumulated depreciation related to assets sold or retired are removed from the accounts and any gain or loss is credited or charged to income. The Company retired fixed assets during 2021 totaling $391,535 all of which were fully depreciated resulting in no gain or loss for the year ended December 31, 2021.