Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

NOTE 3 - PROPERTY AND EQUIPMENT

Property and equipment was comprised of the following:

	December 31,
	2013			2012

Field and shop equipment	$	1,361,100		$	1,051,900
Vehicles		516,700			382,500
Waste destruction equipment		164,900			—
Waste destruction equipment in progress		542,500			—
Furniture and office equipment		27,500			24,500
Leasehold improvements		55,500			55,500
Equipment, construction in progress		30,600			—
		2,698,800			1,514,400
Less: accumulated depreciation and amortization		(935,900	)		(762,300	)
Property and equipment, net	$	1,762,900		$	752,100

Depreciation expense and amortization of leasehold improvements for the years ended December 31, 2013 and 2012, were $287,900 and $242,800, respectively.

Property and equipment included the following amounts for leases that have been capitalized at December 31:

	2013			2012

Field and shop equipment	$	241,500		$	148,500
Less: accumulated amortization		(27,000	)		(29,500	)
	$	214,500		$	119,000

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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