Property and Equipment

12 Months Ended

Dec. 31, 2011

Note 6 - Property and Equipment

Major classes of property and equipment together with their estimated useful lives, consisted of the following:

	Years	December 31, 2011			December 31, 2010
Land		$	1,663,020		$	1,663,020
Building and improvements	20		975,768			967,504
Machinery and equipment	7-15		3,886,539			3,449,237
Office equipment and furniture	7		285,086			278,871
Automobiles	5		759,131			724,013
			7,569,544			7,082,645
Less accumulated depreciation			(3,839,826	)		(3,409,356	)
Net property and equipment		$	3,729,718		$	3,673,289

During the year ended December 31, 2011, assets of $48,009 were placed in service and reclassified from other assets to property and equipment. Depreciation expense for the years ended December 31, 2011 and 2010, was $470,380 and $461,503, 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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