Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.3.a.u2
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
Property and Equipment
 
December 31, 2019
 
December 31, 2018
Land
$
605,070

 
$
580,000

Natural gas pipeline
124,614,696

 
124,306,175

Vehicles and trailers
671,962

 
696,164

Office equipment and computers
268,559

 
268,559

Gross property and equipment
$
126,160,287

 
$
125,850,898

Less: accumulated depreciation
(19,304,610
)
 
(15,969,346
)
Net property and equipment
$
106,855,677

 
$
109,881,552


Depreciation expense was $3.4 million for the years ended December 31, 2019, 2018 and 2017, respectively.