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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT

 

The following is a summary of property, plant, and equipment—at cost, less accumulated depreciation:

 

  September 30,
2017
  December 31,
2016
 
Land $3,390,000  $1,550,000 
Buildings & Building Improvements  2,909,655   777,822 
Furniture & office equipment  688,229   406,419 
Containers  11,477,638   5,969,677 
Trucks, Machinery, & Equipment  28,867,176   14,190,871 
         
Total cost  47,332,698   22,894,789 
         
Less accumulated depreciation  (11,460,991)  (6,097,774)
         
Net property and Equipment $35,871,707  $16,797,015 

 

As of September 30, 2017, the Company has $395,000 of land and building which are held for sale and included in amounts noted above. These amounts are included in our Midwest segment. These held for sale assets were not depreciated during the nine months ended September 30, 2017. Depreciation expense for the nine months ended September 30, 2017 and 2016 was approximately $5,400,000 and $2,500,000, respectively.