| PROPERTY AND EQUIPMENT |
NOTE
3 - PROPERTY AND EQUIPMENT
Property
and equipment was comprised of the following:
| |
|
September
30, 2016 |
|
|
December
31, 2015 |
|
| Field and
shop equipment |
|
$ |
2,319,400 |
|
|
$ |
2,188,500 |
|
| Vehicles |
|
|
689,900 |
|
|
|
750,800 |
|
| Waste destruction equipment,
placed in service |
|
|
1,288,700 |
|
|
|
1,276,600 |
|
| Waste destruction equipment,
not placed in service |
|
|
1,521,100 |
|
|
|
1,521,100 |
|
| Furniture and office
equipment |
|
|
322,800 |
|
|
|
321,400 |
|
| Leasehold improvements |
|
|
65,400 |
|
|
|
65,400 |
|
| Building and improvements |
|
|
21,200 |
|
|
|
18,600 |
|
| Land |
|
|
162,900 |
|
|
|
162,900 |
|
| |
|
|
6,391,400 |
|
|
|
6,305,300 |
|
| Less:
accumulated depreciation and amortization |
|
|
(2,418,800 |
) |
|
|
(1,974,000 |
) |
| Property
and equipment, net |
|
$ |
3,972,600 |
|
|
$ |
4,331,300 |
|
| |
|
Three
Month Ended |
|
|
Nine
months ended |
|
| |
|
September
30, 2016 |
|
|
September
30, 2015 |
|
|
September
30, 2016 |
|
|
September
30, 2015 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost
of Goods Sold |
|
$ |
141,400 |
|
|
$ |
106,900 |
|
|
$ |
430,100 |
|
|
$ |
320,800 |
|
| General
& Administrative |
|
|
24,200 |
|
|
|
19,600 |
|
|
|
72,500 |
|
|
|
58,900 |
|
| Total
Depreciation Expense |
|
$ |
165,600 |
|
|
$ |
126,500 |
|
|
$ |
502,600 |
|
|
$ |
379,700 |
|
Accumulated
depreciation on leased CoronaLux™ units included in accumulated depreciation and amortization above is $271,700 and $149,500
as of September 30, 2016 and 2015, respectively.
Property
and equipment included the following amounts for leases that have been capitalized at:
| |
|
September
30, |
|
|
December
31, |
|
| |
|
2016 |
|
|
2015 |
|
| Vehicles,
field and shop equipment |
|
$ |
462,700 |
|
|
$ |
462,700 |
|
| Less:
accumulated amortization |
|
|
(199,400 |
) |
|
|
(127,800 |
) |
| |
|
$ |
263,300 |
|
|
$ |
334,900 |
|
|