General form of registration statement for all companies including face-amount certificate companies

5. Property And Equipment, Net

5. Property And Equipment, Net

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Notes to Financial Statements

Note 5. Property And Equipment, Net

Property and equipment at September 30, 2016 and December 31, 2015 are as follows:

	September 30			December 31
	2016			2015

Equipment & Installation	$	1,738,291		$	1,113,310
Trucking Equipment		926,614			648,328
Office Equipment		27,155			27,155
Computer Equipment and Software		108,376			97,530
Total Equipment		2,800,436			1,886,323

Less: Accumulated Depreciation		(1,271,794	)		(956,887	)
Construction in Process		851,166			314,014
	$	2,379,808		$	1,243,450

The Company uses the straight-line method of depreciation over 3 to 5 years. During the nine months ended September 30, 2016 and 2015 depreciation expense charged to operations was $264,000 and $75,000, respectively.

Property and equipment at December 31, 2015 and 2014 are as follows:

	December 31 2015		December 31 2014

Equipment & Installation	$	1,159,298	$	787,918
Trucking equipment		743,605		168,504
Mixing Equipment		172,749		17,103
Office equipment		27,155		23,941
Computer equipment and software		97,530		88,898
Total Equipment		2,200,337		1,086,364

Less: accumulated depreciation		956,887		831,034
Property and equipment, net	$	1,243,450	$	255,330

The Company uses the straight-line method of depreciation over 3 to 5 years. During the years ended December 31, 2015 and 2014, depreciation expense charged to operations was $125,853 and $250,262, respectively.