Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
March 31, 2019
 
December 31, 2018
Land
$
580,000

 
$
580,000

Natural gas pipeline
124,307,244

 
124,306,175

Vehicles and trailers
685,554

 
696,164

Office equipment and computers
268,559

 
268,559

Gross property and equipment
$
125,841,357

 
$
125,850,898

Less: accumulated depreciation
(16,812,692
)
 
(15,969,346
)
Net property and equipment
$
109,028,665

 
$
109,881,552


Depreciation expense was $843 thousand and $842 thousand for the three months ended March 31, 2019 and 2018, respectively.