Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	June 30, 2014			December 31, 2013

Field and shop equipment	$	1,499,700		$	1,361,100
Vehicles		522,200			516,700
Waste destruction equipment		1,049,100			164,900
Waste destruction equipment in progress		1,760,700			542,500
Furniture and office equipment		106,700			27,500
Leasehold improvements		65,400			55,500
Equipment, construction in progress		—			30,600
		5,003,800			2,698,800
Less: accumulated depreciation and amortization		(1,108,900	)		(935,900	)
Property and equipment, net	$	3,894,900		$	1,762,900

Depreciation expense and amortization of leasehold improvements was $101,500 and $72,000, respectively, for the three months ended June 30, 2014 and 2013 and was $173,400 and $137,600, respectively, for the six months ended June 30, 2014 and 2013

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

	June 30,			December 31,
	2014			2013
Field and shop equipment	$	131,500		$	131,500
Less: accumulated amortization		(34,100	)		(27,000	)
	$	97,400		$	104,500

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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