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Property and Equipment | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Property and Equipment | Note 8. Property and Equipment The following table sets forth the components of the Company’s property and equipment at September 30, 2022 and December 31, 2021:
Schedule of property and equipment, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2022 |  |  | December 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Depreciation |  |  | Net Book Value |
Office furniture and equipment |  | $ | 27,998 |  |  | $ | 5,434 |  |  | $ | 22,564 |  |  | $ | 14,998 |  |  | $ | 4,000 |  |  | $ | 10,998 |
Vehicles |  |  | 36,432 |  |  |  | 24,288 |  |  |  | 12,144 |  |  |  | 48,248 |  |  |  | 26,306 |  |  |  | 21,942 |
Finance lease right-of-use assets |  |  | 5,810,339 |  |  |  | 1,471,848 |  |  |  | 4,338,551 |  |  |  | – |  |  |  | – |  |  |  | – |
Precious metal extraction machine- 1 ton |  |  | 2,280,000 |  |  |  | 342,000 |  |  |  | 1,938,000 |  |  |  | 2,280,000 |  |  |  | 228,000 |  |  |  | 2,052,000 |
Precious metal extraction machine- 10 ton |  |  | 5,320,000 |  |  |  | 798,000 |  |  |  | 4,522,000 |  |  |  | 5,320,000 |  |  |  | 532,000 |  |  |  | 4,788,000 |
Construction in process: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bioreactors |  |  | 1,440,000 |  |  |  | – |  |  |  | 1,440,000 |  |  |  | 1,440,000 |  |  |  | – |  |  |  | 1,440,000 |
Nanosponge/Cavitation device |  |  | 44,603 |  |  |  | – |  |  |  | 44,603 |  |  |  | 22,103 |  |  |  | – |  |  |  | 22,103 |
Remediation Processing Unit 1 |  |  | 6,116,013 |  |  |  | – |  |  |  | 6,116,013 |  |  |  | 6,249,082 |  |  |  | – |  |  |  | 6,249,082 |
Remediation Processing Unit 2 |  |  | 5,714,894 |  |  |  | – |  |  |  | 5,714,894 |  |  |  | 5,201,098 |  |  |  | – |  |  |  | 5,201,098 |
Remediation Processing Unit System A |  |  | 3,739,637 |  |  |  | – |  |  |  | 3,739,637 |  |  |  | 2,561,467 |  |  |  | – |  |  |  | 2,561,467 |
Remediation Processing Unit System B |  |  | 3,657,420 |  |  |  | – |  |  |  | 3,657,420 |  |  |  | 2,345,421 |  |  |  | – |  |  |  | 2,345,421 |
Total fixed assets |  | $ | 34,187,396 |  |  | $ | 2,641,570 |  |  | $ | 31,545,826 |  |  | $ | 25,482,417 |  |  | $ | 790,306 |  |  | $ | 24,692,111 |
For the year ended December 31, 2021 the Company issued 5,413 shares of Series C-1 Preferred Stock value at $64,950 for equipment, which has been valued based on similar cash purchases of the Series C-1 Preferred Stock at approximately $12.00 per share. For the nine months ended September 30, 2022 and 2021 depreciation expense was $500,352 and $8,671. For the nine months ended September 30, 2022 and 2021 capitalized interest to equipment from debt financing was $499,537 and $1,234,801. Equipment that is currently being manufactured is considered construction in process and is not depreciated until the equipment is placed into service. The Company has been in discussions for the potential sale of the precious metal extraction business and ammonia synthesis business, or certain assets of those businesses, including its precious metal extraction machines and bioreactors. The Company is exploring all options including operating the business, creating a joint venture to operate the business, or appraising the businesses or their assets for the potential sale for at least the carrying value.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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