Property, plant and equipment

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

Property, plant and equipment

Property, plant and equipment

(5) Property, plant and equipment

Property, plant and equipment consisted of the following:

	June 30, 2014		December 31, 2013
Land and improvements	$	2,884,462	$	3,049,765
Buildings and improvements		18,325,355		19,788,447
Equipment		2,313,515		1,306,597
Construction in progress		170,013		425,424
		23,693,345		24,570,233
Less accumulated depreciation		2,667,729		1,722,379
	$	21,025,616	$	22,847,854

Depreciation expense was $554,194 and $1,065,838 for three and six months ended June 30, 2014, respectively, and was $525,660 and $765,237 for three and six months ended June 30, 2013, respectively. Certain assets disposed of in 2014 reduced accumulated depreciation at June 30, 2014. See footnote (2) for dispositions.

(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.