XML 29 R14.htm IDEA: XBRL DOCUMENT v3.23.3
PROPERTY, PLANT AND EQUIPMENT
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 8. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following at September 30, 2023 and December 31, 2022:

 

   Estimated
Useful Life		 

September 30,

2023

  

December 31,

2022

 
Building  25 years  $4,537,037   $4,537,037 
Land  Infinite   739,734    739,734 
Office furniture, fixtures, equipment, and aircraft  3-20 years   2,061,484    2,048,169 
Warehouse and production equipment  3-7 years   40,128    51,302 
Demonstration and tradeshow equipment  3-7 years   74,582    72,341 
Building improvements  5-7 years   1,328,601    1,334,374 
Total cost      8,781,566    8,782,957 
Less: accumulated depreciation and amortization      

(1,330,524

)   (884,271)
              
Net property, plant and equipment     $

7,451,042

   $7,898,686 

 

Depreciation expense for the three months ended September 30, 2023 and September 30, 2022 was $188,100 and $73,686, respectively, and is included in general and administrative expenses. Depreciation expense for the nine months ended September 30, 2023 and September 30, 2022 was $533,992 and $381,014, respectively, and is included in general and administrative expenses.