Property, plant and equipment

12 Months Ended

Dec. 31, 2013

(6) Property, plant and equipment

Property, plant and equipment consisted of the following:

	December 31, 2013		December 31, 2012

Land and improvements	$	3,049,765	$	—
Buildings and improvements		19,788,447		—
Equipment		1,306,597		34,562
Construction in progress		425,424


		24,570,233		34,562
Less accumulated depreciation		1,722,379		33,048


	$	22,847,854	$	1,514

Depreciation expense was $1,799,993 and $1,042 for years ended December 31, 2013 and 2012, respectively. Certain assets disposed of in 2013 reduced accumulated depreciation at December 31, 2013.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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