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Property and Equipment
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3. Property and Equipment

 

The following table sets forth the components of the Company’s property and equipment at September 30, 2024 and December 31, 2023:

 

                                               
    September 30, 2024     December 31, 2023  
    Gross
Carrying
Amount		     Accumulated
Depreciation		     Net Book
Value		     Gross
Carrying
Amount		     Accumulated
Depreciation		     Net Book
Value		  
Office furniture   $ 14,998     $ 14,998     $ 0     $ 14,998     $ 7,823     $ 7,175  
Vehicles     36,432       36,432       0       36,432       33,396       3,036  
Equipment     942,880       539,814       403,066       942,880       435,260       507,620  
Property     17,000       -       17,000       17,000       0       17,000  
Finance lease- Right of use assets     3,579,544       2,270,142       1,309,402       3,579,544       1,484,324       2,095,220  
                                                 
Construction in process:                                                
Wash Plant Facilities     5,722,632       -       5,722,632       3,344,968       -       3,344,968  
Cavitation device     72,201       -       72,201       72,201       -       72,201  
Remediation Processing Unit 1     4,594,325       -       4,594,325       4,464,513       -       4,464,513  
Remediation Processing Unit 2     9,101,198       -       9,101,198       8,187,425       -       8,187,425  
Remediation Processing Unit System A     2,936,167       -       2,936,167       2,795,391       -       2,795,391  
Remediation Processing Unit System B     2,936,167       -       2,936,167       2,795,391       -       2,795,391  
WCCC Tank Expansion     1,256,484       -       1,256,484       9,377       -       9,377  
Total fixed assets   $ 31,210,028     $ 2,861,386     $ 28,348,642     $ 26,260,120     $ 1,960,803     $ 24,299,317  

 

For the nine months ending September 30, 2024 and 2023, depreciation expense was $114,765 and $111,452. Equipment that is currently being manufactured is considered construction in process and is not depreciated until the equipment is placed into service. Equipment that is temporarily not in service is not depreciated until placed into service.