Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	March 31, 2019			December 31, 2018
Field and shop equipment	$	2,272,100		$	2,272,100
Vehicles		690,000			690,000
Waste destruction equipment, placed in service		557,100			557,100
Furniture and office equipment		327,300			312,400
Leasehold improvements		10,000			10,000
Building and improvements		21,200			21,200
Land		162,900			162,900
		4,040,600			4,025,700

Less: accumulated depreciation and amortization		(3,294,500	)		(3,193,800	)
Property and equipment, net	$	746,100		$	831,900

Depreciation expense for the three months ended March 31, 2019 and 2018 was $100,700 and $133,000, respectively. For the three months ended March 31, 2019 depreciation expense included in cost of goods sold and selling, general and administrative expenses was $83,400 and $17,300 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.

Accumulated depreciation on leased CoronaLux™ units included in accumulated depreciation and amortization above is $312,200 and $247,000 as of March 31, 2019 and 2018, respectively.

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

	March 31, 2019			December 31 2018
Vehicles, field and shop equipment	$	407,100		$	407,100
Less: accumulated amortization		(312,200	)		(298,100	)
	$	94,900		$	109,000