PROPERTY AND EQUIPMENT
|6 Months Ended|
Jun. 30, 2020
|Property, Plant and Equipment [Abstract]|
|PROPERTY AND EQUIPMENT||
NOTE 8 – PROPERTY AND EQUIPMENT
At June 30, 2020 and December 31, 2019, property and equipment consisted of the following:
SCHEDULE OF PROPERTY AND EQUIPMENT
During the six months ended June 30, 2020 and 2019, additions to property and equipment were approximately $2.7 million and $3.9 million, respectively.
Additions during the six months ended June 30, 2020 consisted primarily of (i) the commencement of construction in Mt. Vernon, IL, and (ii) machinery and equipment purchases for facilities in Massachusetts, Maryland, Illinois, and Delaware. Additions during the six months ended June 30, 2019 consisted primarily of (i) the commencement of construction in Milford, DE, (ii) the continued buildout of properties in Maryland and Massachusetts, and (iii) improvements to the Wilmington, DE and Las Vegas, NV properties.
Depreciation expense for the six months ended June 30, 2020 and 2019 approximated $907,000 and $471,000, respectively.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef