Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v2.4.0.8
Property, Plant and Equipment
9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013:

 

    2014     2013  
Machinery and equipment   $ 1,914,696     $ 1,884,566  
Airspace     865,076       865,076  
Transportation  equipment     561,238       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     3,721,597       3,691,469  
Less: accumulated depreciation     (3,130,185 )     (3,052,729 )
Property, plant and equipment, net   $ 591,412     $ 638,740  

 

Depreciation expense for the nine months ended September 30, 2014 and 2013 was $77,460 and $53,316, respectively. Depreciation expense for the three months ended September 30, 2014 and 2013 was $26,634 and $34,737, respectively.