PLANT, PIPELINE AND EQUIPMENT
|3 Months Ended|
Mar. 31, 2017
|PLANT, PIPELINE AND EQUIPMENT [Abstract]|
|PLANT, PIPELINE AND EQUIPMENT||
6. PLANT, PIPELINE AND EQUIPMENT
Plant, pipeline and equipment consisted of the following:
Plant, pipeline, and equipment serve as collateral for our amended and restated credit agreement. See Note 9.
Interest capitalized for construction was approximately $373,808 and $31,000 for the three months ended March 31, 2017, and 2016, respectively.
Construction in progress during the first three months of 2017 included equipment purchased for the hydrogenation/distillation project at the TC facility, the new reformer unit and additional tankage at SHR.
Amortization relating to the platinum catalyst which is included in cost of sales was approximately $25,000 and $21,000 for the three months ended March 31, 2017, and 2016, respectively.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef