Your interest expense indicates some significant debt. Your year end profit isn't very much by comparison to your debt, which gives some indication that you have some significant activity. Additionally, you have invested a large amount into some equipment, intending (one presumes) to make some sort of significant change to the bottom line.

None of which can be examined by people on the internet, to know what your best planning options would be.

Manufacturing and production isn't the same as asking for help with a Tax or Accounting practice.