Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
December 31, 2015
 
December 31, 2014
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,386,348

 
124,297,157

Vehicles and trailers
 
524,921

 
506,958

Office equipment and computers
 
87,696

 
59,027

Gross property and equipment
 
125,578,966

 
125,443,142

Less: accumulated depreciation
 
(5,948,988
)
 
(2,623,020
)
Net property and equipment
 
$
119,629,978

 
$
122,820,122



The amounts of depreciation of property and equipment recognized for the years ended December 31, 2015, December 31, 2014 and December 31, 2013, were $3.3 million, $593 thousand and $283 thousand, respectively.