Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 3 – Property, Plant and Equipment

 

Property, plant and equipment and related accumulated depreciation consist of the following at September 30, 2015 and December 31, 2014:

 

    2015     2014  
Machinery and equipment     2,098,138       2,094,316  
Airspace     865,076       865,076  
Transportation equipment     565,440       561,240  
Improvements     333,944       306,372  
Office furniture and equipment     2,117       2,117  
Landfill area     72,098       72,098  
Total Property, plant and equipment     3,936,813       3,901,219  
Less: accumulated depreciation     (3,264,186 )     (3,156,814 )
Property, plant and equipment, net   $ 672,627     $ 744,405  

 

Depreciation expense for the nine months ended September 30, 2015 and 2014 was $107,372 and $77,460, respectively. Depreciation expense for the three months ended September 30, 2015 and 2014 was $36,174 and $26,634, respectively.