Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Note 5 - Property and Equipment, Net

Property and equipment at September 30, 2022 and December 31, 2021 are as follows:

	September 30,			December 31,
	2022			2021
Equipment & installation	$	1,976,634		$	1,976,634
Trucking equipment		845,102			834,375
Office equipment, computer equipment and software		20,295			20,295
Total equipment		2,842,031			2,831,304

Less: accumulated depreciation		(2,820,671	)		(2,809,467	)
Construction in process		1,807,707			1,807,707
Property and equipment, net	$	1,829,067		$	1,829,544

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the three months ended September 30, 2022 and 2021 depreciation expense was $342, and $12,445, respectively. During the nine months ended September 30, 2022 and 2021 depreciation expense was $11,204, and $56,824, respectively.