5 Property and Equipment, Net

12 Months Ended

Jun. 30, 2013

5 PROPERTY AND EQUIPMENT, NET

Property, plant and equipment, net, consisted of the following:

	June 30,
	2013		2012
Right to use land	$	8,082,447	$	7,914,268
Building and building improvements		13,514,738		13,233,524
Machinery and equipment		3,763,566		3,508,394
Furniture and office equipment		596,306		545,712
Automobiles		624,012		611,028
Construction in progress		5,792,345		5,450,172
		32,373,414		31,263,098
Accumulated depreciation and amortization		5,431,636		4,302,907
	$	26,941,778	$	26,960,191

Depreciation expense for the years ended June 30, 2013 and 2012 were $1,015,760 and $910,926, respectively.

- 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.

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