v3.22.2.2
PROPERTY, PLANT AND EQUIPMENT
Sep. 30, 2022
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, 2022 and December 31, 2021:

 

   Estimated
Useful Life		  September 30,
2022		   December 31,
2021		 
Building  30 years  $4,909,478   $4,909,478 
Land  —   789,734    789,734 
Office furniture, fixtures and equipment  3-20 years   2,059,525    493,652 
Warehouse and production equipment  3-5 years   46,261    65,948 
Demonstration and tradeshow equipment  2-5 years   72,340    82,337 
Building improvements  2-15 years   1,331,462    911,940 
Rental equipment  1-3 years   —    8,584 
Total cost      9,208,800    7,261,673 
Less: accumulated depreciation and amortization      (801,661)   (420,647)
              
Net property, plant and equipment     $8,407,139   $6,841,026 

 

Depreciation expense for the nine months ended September 30, 2022 and September 30, 2021 was $381,014 and $177,959, respectively, and is included in general and administrative expenses.