Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.5.0.2
Property, Plant and Equipment
9 Months Ended
Sep. 30, 2016
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, 2016 and December 31, 2015:

 

    2016     2015  
Machinery and equipment     2,483,381       2,467,328  
Transportation equipment     2,297,580       2,238,398  
Containers     1,783,254       1,552,974  
Airspace     865,076       865,076  
Buildings     515,595       505,625  
Improvements     338,799       338,799  
Land     225,000       225,000  
Leased equipment     179,620       179,620  
Landfill area     72,098       72,098  
Office furniture and equipment     4,186       5,771  
Total Property, plant and equipment     8,764,589       8,450,689  
Less: accumulated depreciation     (3,970,399 )     (3,409,409 )
Property, plant and equipment, net   $ 4,794,190     $ 5,041,280  

 

Depreciation expense for the nine months ended September 30, 2016 and 2015 was $375,992 and $71,198, respectively. Depreciation expense for the three months ended September 30, 2016 and 2015 was $190,438 and $39,736, respectively.