Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
9 Months Ended
Sep. 30, 2013
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
September 30, 2013
 
November 30, 2012
Natural gas pipeline
 
$
5,215,424

 
$
5,215,424

Vehicles and trailers
 
125,117

 
110,782

Computers
 
15,626

 
14,018

Gross property and equipment
 
5,356,167

 
5,340,224

Less: accumulated depreciation
 
(1,966,766
)
 
(1,751,202
)
Net property and equipment
 
$
3,389,401

 
$
3,589,022



The amounts of depreciation of property and equipment recognized for the three and nine months ended September 30, 2013 and August 31, 2012 were $71 thousand, $70 thousand, $212 thousand, and $211 thousand, respectively.