Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.6.0.2
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consists of the following:
Property and Equipment
 
 
December 31, 2016
 
December 31, 2015
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,288,156

 
124,386,349

Vehicles and trailers
 
570,267

 
524,921

Office equipment and computers
 
267,095

 
87,696

Gross property and equipment
 
$
125,705,518

 
$
125,578,966

Less: accumulated depreciation
 
(9,292,712
)
 
(5,948,988
)
Net property and equipment
 
$
116,412,806

 
$
119,629,978



Depreciation of property and equipment is as follows:
 
For the Years Ended December 31,
 
2016
 
2015
 
2014
Depreciation Expense
$
3,353,821

 
$
3,329,063

 
$
592,514