| PROPERTY AND EQUIPMENT |
NOTE 3 - PROPERTY AND EQUIPMENT
Property and equipment was comprised of the
following:
| |
|
September 30, 2015 |
|
December 31, 2014 |
| |
|
|
|
|
|
|
|
|
| Field and shop equipment |
|
$ |
2,074,600 |
|
|
$ |
1,690,900 |
|
| Vehicles |
|
|
750,800 |
|
|
|
672,300 |
|
| Waste destruction equipment, leased |
|
|
1,216,200 |
|
|
|
1,145,600 |
|
| Waste destruction equipment, not placed in service |
|
|
2,432,400 |
|
|
|
2,325,900 |
|
| Furniture and office equipment |
|
|
314,700 |
|
|
|
291,300 |
|
| Leasehold improvements |
|
|
65,400 |
|
|
|
65,400 |
|
| |
|
|
6,854,100 |
|
|
|
6,191,400 |
|
| Less: accumulated depreciation and amortization |
|
|
(1,722,400 |
) |
|
|
(1,342,600 |
) |
| Property and equipment, net |
|
$ |
5,131,700 |
|
|
$ |
4,848,800 |
|
| |
|
Three Month Ended |
|
Nine months ended |
| |
|
September 30, 2015 |
|
September 30, 2014 |
|
September 30, 2015 |
|
September 30, 2014 |
| |
|
|
|
|
|
|
|
|
| Cost of Goods Sold |
|
$ |
106,900 |
|
|
$ |
91,800 |
|
|
$ |
320,800 |
|
|
$ |
250,200 |
|
| General & Administrative |
|
|
19,600 |
|
|
|
9,700 |
|
|
|
58,900 |
|
|
|
24,700 |
|
| Total Depreciation Expense |
|
$ |
126,500 |
|
|
$ |
101,500 |
|
|
$ |
379,700 |
|
|
$ |
274,900 |
|
Accumulated depreciation on leased waste destruction
equipment included in accumulated depreciation and amortization above is $234,000 and $148,800 as of September 30, 2015 and December
31, 2014.
Property and equipment included the following amounts for leases
that have been capitalized at:
| |
|
September 30, |
|
December 31 |
| |
|
2015 |
|
2014 |
| |
|
|
|
|
|
|
|
|
| Vehicles, field and shop equipment |
|
$ |
462,700 |
|
|
$ |
229,400 |
|
| Less: accumulated amortization |
|
|
(106,700 |
) |
|
|
(36,800 |
) |
| |
|
$ |
356,000 |
|
|
$ |
192.600 |
|
|