Property, Plant and Equipment

3 Months Ended

Mar. 31, 2012

Property, Plant and Equipment [Text Block]

4.	Property, Plant and Equipment

Property, plant and equipment consist of the following:

	March 31, 2012				December 31, 2011
Machinery and equipment		$	32,594,571			$	30,856,247
Furniture and office equipment			182,319				178,045
Motor vehicles			444,335				443,870
Buildings			30,587,305				25,777,820
Property, plant and equipment, gross			63,808,530				57,255,982
Less: accumulated depreciation			(14,024,076	)			(12,978,754	)
Property, plant and equipment, net		$	49,784,454			$	44,277,228

Depreciation expense included in general and administration expenses for the three months ended March 31, 2012 and 2011 was $82,839 and $48,072, respectively. Depreciation expense included in cost of sales for the three months ended March 31, 2012 and 2011 was $577,959 and $772,181, 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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