4. Property and Equipment

9 Months Ended

Sep. 30, 2017

Notes

4. Property and Equipment

4.   Property and Equipment

The Company’s property and equipment are as follows:

		September 30, 2017		December 31, 2016
Vehicles	$	22,441	$	22,441
Buildings		65,071		65,072
Construction Equipment		36,447		87,806
Mining Equipment		58,646		58,646
		182,605		233,965
Accumulated Depreciation		(63,291)		(15,047)
		119,314		218,918
Land		280,333		280,333
Total Property and Equipment	$	399,647	$	499,251

On August 22, 2017, the Company’s board of directors approved a resolution to sell a Caterpillar 950G loader to a construction company in the amount of $41,000 cash. This asset had a carrying value of $42,021 resulting in a loss on sale of equipment of $1,021.