5. Methane Project

The following table sets forth information concerning the Company's methane project:

(in thousands):


	December 31,
		2012			2011
Methane project, at cost	$	4,865		$	5,421
Accumulated depreciation		(420	)		(319	)
Methane project, net	$	4,445		$	5,102

During each of the years ended December 31, 2012, 2011, and 2010, the Company recorded depreciation expense of $0.1 million. In June 2012, the Company received a payment in the amount of approximately $1.0 million from the United States Department of the Treasury for a cash payment in lieu of tax credits relating to the methane facilities. The payment to the Company was authorized under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009. This payment reduced the carrying amount of the Methane Project.