Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.20.2
Property and Equipment
 6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
June 30, 2020
 
December 31, 2019
Land
$
605,070

 
$
605,070

Natural gas pipeline
124,759,339

 
124,614,696

Vehicles and trailers
695,502

 
671,962

Office equipment and computers
268,559

 
268,559

Gross property and equipment
$
126,328,470

 
$
126,160,287

Less: accumulated depreciation
(20,970,190
)
 
(19,304,610
)
Net property and equipment
$
105,358,280

 
$
106,855,677


Depreciation expense was $844 thousand and $1.7 million for the three and six months ended June 30, 2020, and $843 thousand and $1.7 million for the three and six months ended June 30, 2019.