| Schedule of Property, Plant and Equipment |
Property, plant and equipment consisted of the
following:
| | |
Estimated Useful Lives
(in years) | |
As of
June 30,
2025 | | |
As of
December 31,
2024 | |
| Laboratory and manufacturing equipment | |
3-10 | |
$ | 21,710,507 | | |
$ | 21,234,259 | |
| Buildings and improvements | |
10-39 | |
| 21,309,272 | | |
| 20,889,395 | |
| Office furniture and equipment | |
3-10 | |
| 1,018,050 | | |
| 1,056,145 | |
| Construction in progress | |
n/a | |
| 2,595,063 | | |
| 2,693,904 | |
| Land | |
n/a | |
| 516,867 | | |
| 516,867 | |
| Property, plant and equipment, gross | |
| |
| 47,149,759 | | |
| 46,390,570 | |
| Accumulated depreciation | |
| |
| (22,266,761 | ) | |
| (21,041,551 | ) |
| Property, plant and equipment, net | |
| |
$ | 24,882,998 | | |
$ | 25,349,019 | |
|