Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	December 31, 2023			December 31, 2022

Field and shop equipment	$	398,100		$	395,000
Vehicles		72,500			72,500
Waste destruction equipment, placed in service		-			-
Furniture and office equipment		255,400			333,800
Leasehold improvements		36,200			36,200
Building and improvements		-			-
Land		-			-
Property and equipment, gross		762,200			837,500
Less: accumulated depreciation and amortization		(728,600	)		(798,900	)
Property and equipment, net	$	33,600		$	38,600

Depreciation expense for the years ended December 31, 2023, and 2022 was $19,500 and $44,600, respectively. For the year ended December 31, 2023, and 2022, depreciation expense included in cost of goods sold was $19,500 and $33,600, respectively. For the year ended December 31, 2023, and 2022 depreciation expense included in selling, general and administrative expenses was $0 and $11,000, respectively.

The Company evaluated its fixed assets for impairment, and determined that no impairment charges were incurred in fiscal years ended December 31, 2023 and 2022.