v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following is a summary of the Company's property and equipment at June 30, 2026 and December 31, 2025:
20262025
CostAccumulated DepreciationNetNet
Land$5,608,287 $— $5,608,287 $5,608,287 
Land improvements24,453,333 (2,065,639)22,387,694 22,822,045 
Buildings and improvements147,113,753 (15,791,919)131,321,834 133,217,756 
Machinery and equipment445,914,470 (78,952,805)366,961,665 378,937,902 
Railroad cars10,287,335 (1,182,865)9,104,470 9,313,235 
Company vehicles378,457 (199,033)179,424 205,807 
Furniture and fixtures2,046,444 (1,372,206)674,238 761,675 
Construction in progress3,070,750 — 3,070,750 2,524,540 
Totals$638,872,829 $(99,564,467)$539,308,362 $553,391,247 
The High Plains Processing facility was completed in the fourth quarter of 2025 and placed into service in December 2025.
Depreciation of property and equipment was $7,579,909 and $1,857,919 for the three months ended June 30, 2026 and 2025, respectively, and $15,254,520 and $3,713,850, for the six months ended June 30, 2026 and 2025, respectively.
The Company capitalized interest on major construction projects in progress of approximately $0 and $2.3 million, for the three months ended June 30, 2026 and 2025, respectively, and $0 and $3.4 million for the six months ended June 30, 2026 and 2025, respectively. Upon placing the project into service, the Company ceased capitalizing interest costs related to the project.