Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment, net

v3.23.1
Property, Plant and Equipment, net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
Property, plant and equipment at March 31, 2023 and December 31, 2022 consisted of the following:
Estimated Useful
Life (in Years)
March 31, 2023 December 31, 2022
Energy systems
1 - 15 years
$ 2,810,232  $ 2,810,232 
Machinery and equipment
5 - 7 years
1,624,885  1,624,885 
Furniture and fixtures
5 years
196,007  196,007 
Computer software
3 - 5 years
192,865  192,865 
Leasehold improvements * 466,789  466,789 
    5,290,778  5,290,778 
Less - accumulated depreciation and amortization   (4,000,550) (3,883,058)
  $ 1,290,228  $ 1,407,720 
* Lesser of estimated useful life of asset or lease term
Depreciation and amortization expense on property and equipment for the three months ended March 31, 2023 and 2022 was $117,492 and $126,792, respectively.