Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment (Tables)

v3.24.3
Property, Plant and Equipment (Tables)
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property, Plant and Equipment
Property, plant and equipment at September 30, 2024 and December 31, 2023 consisted of the following:
Estimated Useful
Life (in Years)
September 30, 2024 December 31, 2023
Energy systems
10 - 15 years
$ 2,810,232  $ 2,810,232 
Machinery and equipment
5 - 7 years
1,639,719  1,744,596 
Furniture and fixtures
5 years
224,869  212,963 
Computer software
3 - 5 years
192,865  192,865 
Leasehold improvements * 2,685  466,789 
Construction in progress 786,507  — 
5,656,877  5,427,445 
Less - accumulated depreciation and amortization (3,957,479) (4,264,868)
Property, plant and equipment, net $ 1,699,398  $ 1,162,577 
* Lesser of estimated useful life of asset or lease term