Post-effective amendment to a registration statement that is not immediately effective upon filing

Property & Equipment

v3.22.1
Property & Equipment
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property & Equipment

Note 6 - Property & Equipment

 

As of December 31, 2021 and 2020 property and equipment consisted of the following:

 

    As of     As of  
    December 31,     December 31,  
    2021     2020  
             
Plant and equipment   $ 6,291,019     $ 5,507,377  
Furniture and fixtures     41,201       35,421  
Leasehold improvements     2,329,725       1,922,332  
Website     111,002       111,002  
Land     242,333       242,333  
Building     1,399,200       1,399,200  
Total cost     10,414,480       9,217,665  
Less accumulated depreciation     (3,588,585 )     (2,372,532 )
Property and equipment, net   $ 6,825,895     $ 6,845,132  

 

Depreciation expense for the year ended December 31, 2021 and 2020 was $1,376,495 and $1,290,128 respectively.