Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment, Net

v3.20.4
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consists of the following:
December 31,
2020 2019
Land and improvements $ 794,875  $ 700,000 
Buildings and improvements 6,005,505  5,900,000 
Equipment and vehicles 1,847,696  953,985 
Tooling 2,079,471  — 
Construction in progress 4,129,568  1,925,500 
14,857,115  9,479,485 
Less: accumulated depreciation (3,458,949) (2,649,304)
Property, plant and equipment, net $ 11,398,166  $ 6,830,181 

Depreciation expense during the years ended December 31, 2020 and December 31, 2019 was $0.8 million and $0.4 million, respectively.