Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v2.4.0.8
Property, Plant and Equipment
6 Months Ended
Jun. 30, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 4 – Property, Plant and Equipment

 

Property, plant and equipment and related accumulated depreciation consist of the following at June 30, 2014 and December 31, 2013:

 

    2014     2013  
Machinery and equipment     1,914,696       1,884,566  
Airspace     865,076       865,076  
Transportation  equipment     561,240       561,240  
Improvements     306,372       306,372  
Office furniture and equipment     2,117       2,117  
Land Fill Area     72,098       72,098  
Total Property, plant and equipment     3,721,599       3,691,469  
Less: accumulated depreciation     (3,103,554 )     (3,052,729 )
Property, plant and equipment, net     618,045       638,740  

 

Depreciation expense for the six months ended June 30, 2014 and 2013 was $39,736 and $18,579, respectively. Depreciation expense for the three months ended June 30, 2014 and 2013 was $20,100 and $9,374, respectively.