Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	December 31, 2022			December 31, 2021
				*
Field and shop equipment	$	507,200		$	553,200
Vehicles		72,500			72,500
Waste destruction equipment, placed in service		0			553,300
Furniture and office equipment		333,800			342,400
Leasehold improvements		36,200			36,200
Building and improvements		0			21,200
Land		162,900			162,900
Property and equipment, gross		1,112,600			1,741,700
Less: accumulated depreciation and amortization		(856,900	)		(1,308,700	)
Property and equipment, net	$	255,700		$	433,000

Depreciation expense for the years ended December 31, 2022, and 2021 was $70,900 and $105,900, respectively. For the year ended December 31, 2022, and 2021, depreciation expense included in cost of goods sold was $59,900 and $80,200, respectively. For the year ended December 31, 2022, and 2021 depreciation expense included in selling, general and administrative expenses was $11,000 and $25,700, respectively.

The Company evaluated its fixed assets for impairment, and determined that no impairment charges were incurred in fiscal years ended December 31, 2022 and 2021.