Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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

 
$
580,000

Natural gas pipeline
124,303,315

 
124,288,156

Vehicles and trailers
650,634

 
570,267

Office equipment and computers
268,559

 
267,095

Gross property and equipment
$
125,802,508

 
$
125,705,518

Less: accumulated depreciation
(12,643,636
)
 
(9,292,712
)
Net property and equipment
$
113,158,872

 
$
116,412,806


Depreciation expense was $3.4 million, $3.4 million and $3.3 million for the years ended December 31, 2017, 2016 and 2015, respectively.