PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

PROPERTY, PLANT AND EQUIPMENT [Text Block]

4.	PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

	December 31, 2011			December 31, 2010
Machinery and equipment	$	30,856,247		$	24,146,615
Furniture and office equipment		178,045			276,436
Motor vehicles		443,870			443,282
Buildings		25,777,820			20,815,727
Construction in progress		-			6,903
Subtotal		57,255,982			45,688,963
Less: accumulated depreciation		(12,978,754	)		(9,351,712	)
Property, plant and equipment, net	$	44,277,228		$	36,337,251

There were no impairment provisions made at December 31, 2011 and 2010.

Depreciation expense included in general and administration expenses for the year ended December 31, 2011 and 2010 was $444,877 and $177,113, respectively. Depreciation expense included in cost of sales for the year ended December 31, 2011 and 2010 was $2,931,041 and $1,963,531, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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