| Schedule of property plant and equipment |
Property and equipment was comprised of the
following:
| |
|
December 31, |
| |
|
2015 |
|
2014 |
| |
|
|
|
|
| Field and shop equipment |
|
$ |
2,188,500 |
|
|
$ |
1,690,900 |
|
| Vehicles |
|
|
750,800 |
|
|
|
672,300 |
|
| Waste destruction equipment, placed in service |
|
|
1,276,600 |
|
|
|
1,145,600 |
|
| Waste destruction equipment, not placed in service |
|
|
1,521,100 |
|
|
|
2,325,900 |
|
| Furniture and office equipment |
|
|
321,400 |
|
|
|
291,300 |
|
| Leasehold improvements |
|
|
65,400 |
|
|
|
65,400 |
|
| Building and improvements |
|
|
18,600 |
|
|
|
— |
|
| Land |
|
|
162,900 |
|
|
|
— |
|
| |
|
|
6,305,300 |
|
|
|
6,191,400 |
|
| Less: accumulated depreciation and amortization |
|
|
(1,974,000 |
) |
|
|
(1,342,600 |
) |
| Property and equipment, net |
|
$ |
4,331,300 |
|
|
$ |
4,848,800 |
|
|
| Schedule of capital leased assets |
Property
and equipment includes the following amounts for leases that have been capitalized at December 31:
| |
|
2015 |
|
2014 |
| |
|
|
|
|
| Field
and shop equipment |
|
$ |
462,700 |
|
|
$ |
229,400 |
|
| Less:
accumulated amortization |
|
|
(127,800 |
) |
|
|
(36,800 |
) |
| |
|
$ |
334,900 |
|
|
$ |
192,600 |
|
|
| Schedule of allocation of purchase price |
The
allocation of the $700,000 purchase price was as follows:
| Current
assets |
|
$ |
18,000 |
|
| Fixed
assets |
|
|
254,200 |
|
| Intangible
assets (See Note 4) |
|
|
427,800 |
|
| |
|
$ |
700,000 |
|
|