Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment, Net

Property And Equipment, Net

6 Months Ended

Jun. 30, 2020

Property and equipment at June 30, 2020 and December 31, 2019 are as follows:

	June 30,			December 31,
	2020			2019

Equipment & installation	$	1,965,659		$	1,965,659
Trucking equipment		895,587			922,441
Computer equipment and software		67,126			67,126
Office equipment		27,155			27,155
Total equipment		2,955,527			2,982,381

Less: accumulated depreciation		(2,807,075	)		(2,707,745	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,956,159		$	2,082,343

The Company uses the straight-line method of depreciation over 2 to 5 years. During the three months ended June 30, 2020 and 2019 depreciation expense was $56,015, and $80,438, respectively. During the six months ended June 30, 2020 and 2019 depreciation expense was $122,604, and $163,035, respectively.