Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
September 30, 2018
 
December 31, 2017
Land
$
580,000

 
$
580,000

Natural gas pipeline
124,306,175

 
124,303,315

Vehicles and trailers
685,786

 
650,634

Office equipment and computers
268,559

 
268,559

Gross property and equipment
$
125,840,520

 
$
125,802,508

Less: accumulated depreciation
(15,125,893
)
 
(12,643,636
)
Net property and equipment
$
110,714,627

 
$
113,158,872



Depreciation expense was $842 thousand and $2.5 million for the three and nine months ended September 30, 2018, respectively, and $840 thousand and $2.5 million for the three and nine months ended September 30, 2017, respectively.