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3. PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment, including purchased and developed software is recorded at cost. The Company has depreciated or amortized these assets using the straight-line method over the useful lives of the asset. The useful lives are estimated to be between 2 and 7 years.

Property and equipment consisted of the following:

	Successor			Predecessor
	Dec. 31, 2014			Dec. 31, 2013
Furniture & office equipment	$	240,102		$	134,780
Containers		2,847,205			3,568,631
Trucks		5,523,773			8,887,425
Total Property and Equipment		8,611,080			12,590,836
Less: Accumulated Depreciation		(956,315	)		7,780,233
Net Property and Equipment	$	7,654,765		$	4,810,603

Depreciation Expense for December 31, 2014 and 2013 was $965,846 and $1,424,979, respectively.

- 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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