| Property and Equipment |
Note 3 - Property and Equipment The following is a summary of property and equipment at December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | Cost | | Accumulated
Depreciation | | Net | | Net | | Land | $ | 5,608,287 | | | $ | — | | | $ | 5,608,287 | | | $ | 516,326 | | | Land improvements | 24,458,333 | | | (1,636,288) | | | 22,822,045 | | | 1,364,197 | | | Buildings and improvements | 147,137,752 | | | (13,919,996) | | | 133,217,756 | | | 22,531,217 | | | Machinery and equipment | 445,558,620 | | | (66,620,718) | | | 378,937,902 | | | 51,949,033 | | | Railroad cars | 10,411,185 | | | (1,097,950) | | | 9,313,235 | | | 9,521,459 | | | Company vehicles | 378,458 | | | (172,651) | | | 205,807 | | | 143,184 | | | Furniture and fixtures | 2,046,444 | | | (1,284,769) | | | 761,675 | | | 719,557 | | | Construction in progress | 2,524,540 | | | — | | | 2,524,540 | | | 273,036,281 | | | | | | | | | | | Totals | $ | 638,123,619 | | | $ | (84,732,372) | | | $ | 553,391,247 | | | $ | 359,781,254 | |
Depreciation of property and equipment amounts to $9,330,772, $6,521,980, and $5,830,587 for the years ended December 31, 2025, 2024, and 2023, respectively.
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