Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.5.0.2
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consists of the following:
Property and Equipment
 
 
September 30, 2016
 
December 31, 2015
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,574,243

 
124,386,349

Vehicles and trailers
 
570,267

 
524,921

Office equipment and computers
 
264,662

 
87,696

Gross property and equipment
 
$
125,989,172

 
$
125,578,966

Less: accumulated depreciation
 
(8,454,299
)
 
(5,948,988
)
Net property and equipment
 
$
117,534,873

 
$
119,629,978



Depreciation of property and equipment is as follows:
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
Depreciation Expense
$
838,462

 
$
831,480

 
$
2,515,408

 
$
2,497,138