PLANT, PIPELINE AND EQUIPMENT |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PLANT, PIPELINE AND EQUIPMENT [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PLANT, PIPELINE AND EQUIPMENT |
NOTE 9 – PLANT, PIPELINE AND EQUIPMENT
Plant, pipeline and equipment include the following at December 31:
Plant, pipeline and equipment serve as collateral for our amended and restated loan agreement with a domestic bank (see Note 13).
Interest capitalized for construction for 2017, 2016 and 2015 was approximately $937,000, $450,000 and $141,000, respectively.
Labor capitalized for construction for 2017, 2016 and 2015 was approximately $4,344,000, $2,889,000 and $3,803,000, respectively.
Catalyst amortization relating to the platinum catalyst which is included in cost of sales was approximately $25,000, $98,000 and $84,000 for 2017, 2016 and 2015, respectively.
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