FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Fixed assets consist of the following:



	Useful Life (in years)	December 31, 2014			December 31, 2013
Equipment	7-20	$	32,533,022		$	7,372,306
Furniture and fixtures	7	133,824			110,926
Leasehold improvements	15	2,214,266			1,894,776
Office equipment	5	526,353			440,260
Vehicles	5	6,088,769			3,548,294
Construction in progress		15,870,487			1,064,784
Land		2,553,000			2,013,000
Total fixed assets		59,919,721			16,444,346
Less accumulated depreciation		(3,758,373		)	(1,353,170		)
Net fixed assets		$	56,161,348		$	15,091,176

Depreciation expense was $2,405,203, $1,018,003, and $295,801 for the years ended December 31, 2014, 2013, and 2012, respectively.

Equipment under construction in progress is related to TCEP technology improvements, refining equipment at the Marrero and Myrtle Grove facilities in Louisiana, and refining equipment in Fallon, Nevada.

- 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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