XML 105 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Property, plant and equipment and construction in progress
 12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
7. Property, plant and equipment and construction in progress
 
 
 
December 31,
 
 
 
2013
 
2012
 
Land
 
$
3,223,361
 
$
3,223,361
 
Buildings
 
 
18,054,305
 
 
17,751,797
 
Plant and equipment
 
 
60,416,031
 
 
57,635,523
 
Distribution system
 
 
24,974,214
 
 
24,213,390
 
Office furniture, fixtures and equipment
 
 
2,825,009
 
 
2,644,900
 
Vehicles
 
 
1,237,736
 
 
1,182,782
 
Leasehold improvements
 
 
235,930
 
 
228,007
 
Lab equipment
 
 
29,871
 
 
19,192
 
 
 
 
110,996,457
 
 
106,898,952
 
Less accumulated depreciation
 
 
52,393,571
 
 
47,905,546
 
Property, plant and equipment, net
 
$
58,602,886
 
$
58,993,406
 
Construction in progress
 
$
1,450,417
 
$
2,612,800
 
 
As of December 31, 2013, the Company had outstanding capital commitments of approximately $309,000. The Company maintains insurance for loss or damage to all fixed assets that it deems susceptible to loss. The Company does not insure its underground distribution system as the Company considers the possibility of material loss or damage to this system to be remote. During the years ended December 31, 2013 and 2012, $4,924,980 and $278,214, respectively, of construction in progress was placed in service. Depreciation expense was $5,113,589, $7,381,759, and $5,789,401 for the years ended December 31, 2013, 2012 and 2011, respectively.