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PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property, plant and equipment consist of the following:

	December 31,
	2012			2011
Machinery and equipment	$	33,393,352		$	30,856,247
Furniture and office equipment		278,853			178,045
Motor vehicles		528,137			443,870
Buildings		32,346,098			25,777,820
Construction in progress		3,078,514			-
Subtotal		69,624,954			57,255,982
Less: accumulated depreciation		(17,444,857	)		(12,978,754	)
Net property and equipment	$	52,180,097			44,277,228

- Definition

Tabular disclosure of the useful life and salvage value of 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.

+ References+ Details