Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	September 30, 2019			December 31, 2018
Field and shop equipment	$	2,225,300		$	2,272,100
Vehicles		689,700			690,000
Waste destruction equipment, placed in service		557,100			557,100
Furniture and office equipment		356,400			312,400
Leasehold improvements		46,200			10,000
Building and improvements		21,200			21,200
Land		162,900			162,900
		4,058,800			4,025,700
Less: accumulated depreciation and amortization		(3,407,100	)		(3,193,800	)
Property and equipment, net	$	651,700		$	831,900

Depreciation expense for the three months ended September 30, 2019 and 2018 was $73,100 and $88,800, respectively. Depreciation expense for the nine months ended September 30, 2019 and 2018 was $247,100 and $318,100, respectively. For the three months ended September 30, 2019 depreciation expense included in cost of goods sold was $51,200 and $70,700 respectively. For the three months ended September 30, 2018 depreciation expense included in selling, general and administrative expenses was $22,000 and $18,100 respectively. For the nine months ended September 30, 2019 depreciation expense included in cost of goods sold was $187,700 and $263,100 respectively. For the nine months ended September 30, 2018 depreciation expense included in selling, general and administrative expenses was $59,400 and $54,900 respectively.

Accumulated depreciation on leased CoronaLux™ units included in accumulated depreciation and amortization above is $304,700 and $298,100 as of September 30, 2019 and 2018, respectively.

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

	September 30,			December 31,
	2019			2018
Vehicles, field and shop equipment	$	370,900		$	407,100
Less: accumulated amortization		(304,700	)		(298,100	)
	$	66,200		$	109,000