Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
March 31, 2018
 
December 31, 2017
Land
$
580,000

 
$
580,000

Natural gas pipeline
124,303,315

 
124,303,315

Vehicles and trailers
675,517

 
650,634

Office equipment and computers
268,559

 
268,559

Gross property and equipment
$
125,827,391

 
$
125,802,508

Less: accumulated depreciation
(13,470,161
)
 
(12,643,636
)
Net property and equipment
$
112,357,230

 
$
113,158,872



Depreciation expense was $842 thousand for the three months ended March 31, 2018, and $838 thousand for the three months ended March 31, 2017.