Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment, Net

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Property And Equipment, Net
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Note 5 - Property and Equipment, Net

Property and equipment at September 30, 2018 and December 31, 2017 are as follows:

 

    September 30     December 31  
    2018     2017  
             
Equipment & Installation   $ 1,965,659     $ 1,965,659  
Trucking equipment     1,010,961       1,010,961  
Computer equipment and software     117,212       117,212  
Office equipment     27,155       27,155  
Total equipment      3,120,987       3,120,987  
                 
Less: accumulated depreciation     (2,415,598 )     (2,067,786 )
Construction in process     1,807,707       1,675,792  
Property and equipment, net   $ 2,513,096     $ 2,728,993  

 

The Company uses the straight-line method of depreciation over 2 to 5 years. During the nine months ended September 30, 2018 and 2017 depreciation expense was $347,766, and $558,036, respectively. During the three months ended September 30, 2018 and 2017 depreciation expense was $119,799, and $191,220.