Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
Property and Equipment
3 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
March 31, 2015
 
December 31, 2014
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,313,621

 
124,297,157

Vehicles and trailers
 
506,958

 
506,958

Office equipment and computers
 
59,027

 
59,027

Gross property and equipment
 
125,459,606

 
125,443,142

Less: accumulated depreciation
 
(3,455,219
)
 
(2,623,020
)
Net property and equipment
 
$
122,004,387

 
$
122,820,122



The amounts of depreciation of property and equipment recognized for the three months ended March 31, 2015 and 2014, were $832 thousand and $71 thousand, respectively.