Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.4
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
December 31, 2020 December 31, 2019
Land $ 686,330  $ 605,070 
Natural gas pipeline 126,910,465  124,614,696 
Vehicles and trailers 719,897  671,962 
Office equipment and computers 268,559  268,559 
Construction work in progress 220,157  — 
Gross property and equipment $ 128,805,408  $ 126,160,287 
Less: accumulated depreciation (22,580,810) (19,304,610)
Net property and equipment $ 106,224,598  $ 106,855,677 
Depreciation expense was $3.4 million for each of the years ended December 31, 2020, 2019 and 2018, respectively. In mid-December 2020, the Company completed the STL Interconnect project at a cost of $2.4 million, which will allow gas to be delivered by STL Pipeline LLC and received by MoGas.