Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	June 30, 2020			December 31, 2019
Field and shop equipment	$	2,130,100		$	2,240,700
Vehicles		828,400			689,700
Waste destruction equipment, placed in service		557,100			557,100
Furniture and office equipment		346,300			346,300
Leasehold improvements		36,300			36,300
Building and improvements		21,200			21,200
Land		162,900			162,900
		4,082,300			4,054,200
Less: accumulated depreciation and amortization		(3,462,900	)		(3,492,400	)
Property and equipment, net	$	619,400		$	561,800

Depreciation expense for the three months ended June 30, 2020 and 2019 was $37,900 and $73,300, respectively. For the three months ended June 30, 2020 and 2019, depreciation expense included in cost of goods sold was $24,600 and $53,200, respectively. For the three months ended June 30, 2020 and 2019, depreciation expense included in selling, general and administrative expenses was $13,300 and $20,100, respectively.

Depreciation expense for the six months ended June 30, 2020 and 2019 was $73,900 and $174,000, respectively. For the six months ended June 30, 2020 and 2019, depreciation expense included in cost of goods sold was $45,700 and $136,600, respectively. For the six months ended June 30, 2020 and 2019, depreciation expense included in selling, general and administrative expenses was $28,200 and $37,400, respectively.

Depreciation expense on leased CoronaLux™ units included in accumulated depreciation and amortization above is $19,400 and $28,200 as of June 30, 2020 and 2019, respectively.

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

	June 30,			December 31,
	2020			2019
Vehicles, field and shop equipment	$	157,900		$	370,900
Less: accumulated amortization		(142,100	)		(316,300	)
	$	15,800		$	54,600