Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.0.814
Property and Equipment
 9 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
September 30, 2015
 
December 31, 2014
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,360,695

 
124,297,157

Vehicles and trailers
 
524,921

 
506,958

Office equipment and computers
 
87,696

 
59,027

Gross property and equipment
 
125,553,312

 
125,443,142

Less: accumulated depreciation
 
(5,117,063
)
 
(2,623,020
)
Net property and equipment
 
$
120,436,249

 
$
122,820,122



The amounts of depreciation of property and equipment recognized for the three months ended September 30, 2015 and 2014, were $831 thousand and $71 thousand, respectively, and $2.5 million and $213 thousand, respectively,