Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.7.0.1
Property, Plant and Equipment
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 3 – Property and Equipment

 

Property, plant and equipment and related accumulated depreciation consist of the following at March 31, 2017 and 2016:

 

    2017     2016  
Machinery and equipment   $ 2,558,563     $ 2,563,838  
Transportation equipment     2,524,563       2,380,394  
Containers     2,028,714       1,944,969  
Airspace     865,076       865,076  
Buildings     515,595       515,595  
Improvements     338,799       338,799  
Land     225,000       225,000  
Leased equipment     179,620       179,620  
Landfill area     72,098       72,098  
Leasehold improvements     15,781       15,781  
Office furniture and equipment     6,304       6,304  
Total Property, plant and equipment     9,330,113       9,107,474  
Less: accumulated depreciation     (4,322,527 )     (4,166,189 )
Property, plant and equipment, net   $ 5,007,586     $ 4,941,285  

 

Depreciation expense for the three months ended March 31, 2017 and 2016 was $203,427 and $185,554, respectively.