NOTE 3: CONSTRUCTION IN PROGRESS |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Property, Plant and Equipment [Abstract] | |
| Property, Plant and Equipment Disclosure [Text Block] |
NOTE 3: CONSTRUCTION IN PROGRESS
Construction in progress of $4,161,304 as of June 30, 2015 consists of costs incurred related to the construction of a 2-ton/hour test plant in Oklahoma. The total cost of the project, including testing to take place at the AES site in Oklahoma, is estimated at $6,400,000 plus an additional $750,000 to move the plant to its permanent location. Commissioning of the test plant commenced in November, 2015 with full testing expected in January, 2016. It is estimated to cost an additional $2,200,000 to move the test facility to AES and complete testing. It is further expected to cost $750,000 to move the test facility to a permanent site at the end of quarter one 2016. During the six months ended June 30, 2015, $873,026 was paid towards the construction of the plant and interest of $75,334 was capitalized.
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