5. Methane Project

The following table sets forth information concerning the Company's methane project: (in thousands):


	December 31,
		2013			2012
Methane project, at cost	$	4,945		$	4,865
Accumulated depreciation		(556	)		(420	)
Methane project, net	$	4,389		$	4,445

During each of the years ended December 31, 2013, 2012, and 2011, the Company recorded depreciation expense of $136,000, $101,000, and $103,000, respectively. In June 2012, the Company received a payment in the amount of approximately $1.0 million from the United States Department of the Treasury for a cash payment in lieu of tax credits relating to the methane facilities. The payment to the Company was authorized under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009. This payment reduced the carrying amount of the Methane Project.