Quarterly report pursuant to Section 13 or 15(d)

Property And Equipment, Net

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Property And Equipment, Net
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Note 5 - Property and Equipment, Net

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

 

    March 31     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     2,232,109       2,067,786  
Construction in process     1,790,300       1,675,792  
Property and equipment, net   $ 2,679,178     $ 2,728,993  

 

The Company uses the straight-line method of depreciation over 2 to 5 years. During the three months ended March 31, 2018 and 2017 depreciation expense charged to operations was $164,324 and $179,442, respectively.