Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment, Net

Property And Equipment, Net

3 Months Ended

Mar. 31, 2020

Property and equipment at March 31, 2020 and December 31, 2019 are as follows:

	March 31,			December 31,
	2020			2019

Equipment & installation	$	1,965,659		$	1,965,659
Trucking equipment		922,441			922,441
Computer equipment and software		67,126			67,126
Office equipment		27,155			27,155
Total equipment		2,982,381			2,982,381

Less: accumulated depreciation		(2,774,334	)		(2,707,745	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	2,015,754		$	2,082,343

The Company uses the straight-line method of depreciation over 2 to 5 years. During the three months ended March 31, 2020 and 2019 depreciation expense was $66,589, and $82,597, respectively.