Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
June 30, 2017
 
December 31, 2016
Land
$
580,000

 
$
580,000

Natural gas pipeline
124,288,657

 
124,288,156

Vehicles and trailers
582,049

 
570,267

Office equipment and computers
268,559

 
267,095

Gross property and equipment
$
125,719,265

 
$
125,705,518

Less: accumulated depreciation
(10,969,426
)
 
(9,292,712
)
Net property and equipment
$
114,749,839

 
$
116,412,806



Depreciation of property and equipment is as follows:
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
Depreciation Expense
$
838,399

 
$
842,040

 
$
1,676,712

 
$
1,676,945