Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

NOTE 4 – PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	September 30, 2023			December 31, 2022
	(unaudited)
Field and shop equipment	$	452,900		$	395,000
Vehicles		72,500			72,500
Waste destruction equipment, placed in service		-			-
Furniture and office equipment		293,400			333,800
Leasehold improvements		36,200			36,200
Building and improvements		-			-
Land		-			-
Property and equipment, gross		855,000			837,500
Less: accumulated depreciation and amortization		(831,100	)		(798,900	)
Property and equipment, net	$	23,900		$	38,600

Classified as assets held for sale		54,300			217,200

Assets fair value disclosure total	$	78,200		$	255,800

Depreciation expense for the three months ended September 30, 2023, and 2022 was $4,900 and $13,100, respectively. For the three months ended September 30, 2023, and 2022, depreciation expense included in cost of goods sold was $4,900 and $12,100, respectively. For the three months ended September 30, 2023, and 2022, depreciation expense included in selling, general and administrative expenses was $0 and $1,000, respectively.

Depreciation expense for the nine months ended September 30, 2023, and 2022 was $14,700 and $61,100, respectively. For the nine months ended September 30, 2023, and 2022, depreciation expense included in cost of goods sold was $14,700 and $50,300, respectively. For the nine months ended September 30, 2023, and 2022, depreciation expense included in selling, general and administrative expenses was $0 and $10,800, respectively.