Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
September 30, 2020 December 31, 2019
Land $ 605,070  $ 605,070 
Natural gas pipeline 124,618,840  124,614,696 
Construction work in progress 1,153,873  — 
Vehicles and trailers 679,678  671,962 
Office equipment and computers 268,559  268,559 
Gross property and equipment $ 127,326,020  $ 126,160,287 
Less: accumulated depreciation (21,815,093) (19,304,610)
Net property and equipment $ 105,510,927  $ 106,855,677 
Depreciation expense was $845 thousand and $2.5 million for the three and nine months ended September 30, 2020, and $843 thousand and $2.5 million for the three and nine months ended September 30, 2019. As of September 30, 2020, the Company has $1.2 million in construction work in progress primarily related to the STL Interconnect project, which will allow gas to be delivered by STL Pipeline LLC and received by MoGas. The project is expected to be completed in the fourth quarter of 2020.