Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.3.1.900
Property, Plant and Equipment
12 Months Ended
Dec. 31, 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 December 31, 2015 and December 31, 2014:

 

    2015     2014  
Machinery and equipment   $ 3,209,228     $ 1,914,696  
Transportation  equipment     2,119,472       561,240  
Containers     942,400       -  
Airspace     865,076       865,076  
Buildings     493,225       -  
Improvements     306,372       306,372  
Land     225,000       -  
Leased  equipment     179,620       179,620  
Land Fill Area     72,098       72,098  
Office furniture and equipment     2,117       2,117  
Total Property, plant and equipment     8,450,689       3,901,219  
Less: accumulated depreciation     (3,409,409 )     (3,156,814 )
Property, plant and equipment, net   $ 5,041,280     $ 744,405  

 

Depreciation expense for the year ended December 31, 2015 and 2014 was $251,008 and $104,086, respectively.