Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
September 30, 2017
 
December 31, 2016
Land
$
580,000

 
$
580,000

Natural gas pipeline
124,288,382

 
124,288,156

Vehicles and trailers
609,503

 
570,267

Office equipment and computers
268,559

 
267,095

Gross property and equipment
$
125,746,444

 
$
125,705,518

Less: accumulated depreciation
(11,803,423
)
 
(9,292,712
)
Net property and equipment
$
113,943,021

 
$
116,412,806



Depreciation expense was $840 thousand and $2.5 million for the three and nine months ended September 30, 2017, respectively, and $838 thousand and $2.5 million for the three and nine months ended September 30, 2016, respectively.