Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
March 31, 2014
 
December 31, 2013
Natural gas pipeline
 
$
5,215,424

 
$
5,215,424

Vehicles and trailers
 
125,117

 
125,117

Computers
 
15,627

 
15,627

Gross property and equipment
 
5,356,168

 
5,356,168

Less: accumulated depreciation
 
(2,108,495
)
 
(2,037,685
)
Net property and equipment
 
$
3,247,673

 
$
3,318,483



The amounts of depreciation of property and equipment recognized for each of the three-month periods ended March 31, 2014 and March 31, 2013 was $71 thousand.