Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

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Property, Plant and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

 

The following is a summary of property, plant, and equipment—at cost, less accumulated depreciation:

 

    June 30,
2017
    December 31,
2016
 
Land   $ 3,434,000     $ 1,550,000  
Buildings & Building Improvements     1,748,009       777,822  
Furniture & office equipment     659,122       406,419  
Containers     11,179,213       5,969,677  
Trucks, Machinery, & Equipment     28,574,895       14,190,871  
                 
Total cost     45,595,239       22,894,789  
                 
Less accumulated depreciation     (9,434,377 )     (6,097,774 )
                 
Net property and Equipment   $ 36,160,862     $ 16,797,015  

 

As of June 30, 2017, the Company has $395,000 of land and building which are held for sale and included in amounts noted above. These amounts are included in our Midwest segment. These held for sale assets were not depreciated during the six months ended June 30, 2017. Depreciation expense for the six months ended June 30, 2017 and 2016 was approximately $3,369,000 and $1,615,000, respectively.