Annual report pursuant to Section 13 and 15(d)

Property And Equipment, Net

v3.8.0.1
Property And Equipment, Net
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Note 5 - Property and Equipment, Net

Property and equipment at December 31, 2017 and 2016 are as follows:

 

    December 31     December 31  
    2017     2016  
             
Equipment & Installation   $ 1,965,659     $ 1,823,594  
Trucking equipment     1,010,961       926,614  
Office equipment     27,155       27,155  
Computer equipment and software     117,212       111,518  
Total equipment      3,120,987       2,888,881  
                 
Less: accumulated depreciation     (2,067,786 )     (1,420,755 )
Construction in process     1,675,792       1,101,228  
Property and equipment, net   $ 2,728,993     $ 2,569,354  

 

The Company uses the straight-line method of depreciation over 2 to 5 years. During the years ended December 31, 2017 and 2016, depreciation expense charged to operations was $748,020 and $463,868, respectively.