Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	March 31, 2018			December 31, 2017
Field and shop equipment	$	2,213,200		$	2,213,200
Vehicles		690,000			690,000
Waste destruction equipment, placed in service		627,800			627,800
Furniture and office equipment		311,000			311,000
Leasehold improvements		10,000			10,000
Building and improvements		21,200			21,200
Land		162,900			162,900
		4,036,100			4,036,100
Less: accumulated depreciation and amortization		(2,872,700	)		(2,739,700	)
Property and equipment, net	$	1,163,400		$	1,296,400

Depreciation expense for the three months ended March 31, 2018 and 2017 was $133,000 and $156,300, respectively. For the three months ended March 31, 2018 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $114,500 and $18,500 respectively. For the three months ended March 31, 2017 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $132,000 and $24,300 respectively.

Accumulated depreciation on leased CoronaLux™ units included in accumulated depreciation and amortization above is $247,000 and $335,900 as of March 31, 2018 and 2017, respectively.

Property and equipment included the following amounts for leases that have been capitalized at:

	March 31,			December 31
	2018			2017
Vehicles, field and shop equipment	$	407,100		$	407,100
Less: accumulated amortization		(255,900	)		(232,200	)
	$	151,200		$	174,900