Quarterly report pursuant to Section 13 or 15(d)

5. Property And Equipment, Net

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5. Property And Equipment, Net
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 5. Property And Equipment, Net

 Property and equipment at March 31, 2016 and December 31, 2015 are as follows:

 

   

March 31,

2016

   

December 31,

2015

 
             
Equipment & Installation   $ 1,424,478     $ 1,113,310  
Trucking Equipment     728,462       648,328  
Construction in Process     689,755       314,014  
Office Equipment     28,361       27,155  
Computer Equipment and Software     100,942       97,530  
Total Equipment     2,971,998       2,200,337  
                 
Less: Accumulated Depreciation     1,038,424       956,887  
    $ 1,933,574     $ 1,243,450  

 

The Company uses the straight-line method of depreciation over 3 to 5 years. During the quarters ended March 31, 2016 and 2015 depreciation expense charged to operations was $81,537 and $15,000, respectively.