3. Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. Property and Equipment

Property and equipment consisted of the following at September 30, 2014:

	2014
Power generating equipment	$	2,048,000

Machinery and equipment		31,028
Capitalized Cost - Humble		20,038
79 acres, Harris County, TX – HO Clarke		1,328,445
Less accumulated depreciation		(2,053,921	)
Total property and equipment, net	$	1,373,590

Depreciation expense for the nine months ended September 30, 2014 was $-0- and for the nine months ended September 30, 2013 depreciation expense was $-0-. All depreciation is included in Selling, General and Administrative expenses.

- Definition

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.

+ References+ Details

BIOFUELS POWER CORP 10-Q