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Property And Equipment Net
12 Months Ended
Dec. 31, 2022
Property And Equipment Net  
Property and Equipment, Net

Note 5 - Property and Equipment, Net

 

Property and equipment at December 31, 2022 and December 31, 2021 are as follows:

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Equipment & installation

 

$1,095,140

 

 

$1,976,634

 

Trucking equipment

 

 

845,102

 

 

 

834,375

 

Office equipment, computer equipment and software

 

 

20,295

 

 

 

20,295

 

Total equipment

 

 

1,960,537

 

 

 

2,831,304

 

 

 

 

 

 

 

 

 

 

Less: accumulated depreciation

 

 

(1,939,652 )

 

 

(2,809,467 )

Construction in process

 

 

1,807,707

 

 

 

1,807,707

 

Property and equipment, net

 

$1,828,592

 

 

$1,829,544

 

 

The Company uses the straight-line method of depreciation over estimated useful lives of 2 to 5 years. During the year ended December 31, 2022 and 2021 depreciation expense was $11,679, and $68,460, respectively.