Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.3.1.900
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
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