Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property, Plant and Equipment:
A summary of property, plant and equipment, at cost, and related accumulated depreciation is as follows:
 
September 30, 2017
 
December 31, 2016
Land
$
191,917

 
$
186,327

Buildings
191,916

 
157,944

Machinery and equipment
955,779

 
788,175

Construction in progress
155,005

 
204,138

 
1,494,617

 
1,336,584

Less: accumulated depreciation
(285,570
)
 
(155,196
)
 
$
1,209,047

 
$
1,181,388


Depreciation expense was $31,957 and $30,305 for the three months ended September 30, 2017 and 2016, respectively. Depreciation expense was $89,987 and $60,173 for the nine months ended September 30, 2017 and 2016, respectively.