Quarterly report pursuant to Section 13 or 15(d)

4. Property And Equipment, Net

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4. Property And Equipment, Net
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Note 4. Property And Equipment, Net

Property and equipment at June 30, 2017 and December 31, 2016 are as follows: 

 

    June 30     December 31  
    2017     2016  
             
Equipment & Installation   $ 1,942,552     $ 1,823,594  
Trucking equipment     1,103,314       926,614  
Computer equipment and software     112,332       111,518  
Office equipment     28,361       27,155  
Total equipment      3,186,559       2,888,881  
                 
Less: accumulated depreciation     1,787,572       1,420,755  
Construction in process     1,491,283       1,101,228  
Property and equipment, net   $ 2,890,270     $ 2,569,354  

 

The Company uses the straight-line method of depreciation over 2 to 5 years. Depreciation expense for the six months ended June 30, 2017 and 2016 was $366,817 and $187,895, respectively. Depreciation expense for the quarters ended June 30, 2017 and 2016 was $187,375 and $106,120, respectively. For the six months ended June 30, 2017 and 2016, depreciation expense recorded as cost of sales were $349,447 and $184,017, respectively. For the six months ended June 30, 2017 and 2016, depreciation expense recorded as sales, general and administrative expenses were $17,370 and $3,878, respectively.