Annual report pursuant to Section 13 and 15(d)

Property And Equipment, Net

v3.19.1
Property And Equipment, Net
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Note 5 - Property and Equipment, Net

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

 

    December 31     December 31  
    2018     2017  
             
Equipment   $ 1,965,659     $ 1,965,659  
Trucking equipment     983,948       1,010,961  
Office equipment     27,155       27,155  
Computer equipment and software     117,212       117,212  
Total equipment      3,093,974       3,120,987  
                 
Less: accumulated depreciation     (2,503,990 )     (2,067,786 )
Total equipment in use, net     589,984       1,053,201  
                 
Construction in process     1,807,707       1,675,792  
Property and equipment, net   $ 2,397,691     $ 2,728,993  

 

During the years ended December 31, 2018 and 2017, depreciation expense charged to operations was $456,914 and $748,020, respectively.