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Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2012
Property, Plant and Equipment  
Schedule of property, plant and equipment

 

 

 

As of December 31

 

 

 

2012

 

2011

 

Cost

 

 

 

 

 

 Construction in progress

 

1,645,894

 

22,341,627

 

 Plant and buildings

 

35,057,219

 

23,902,926

 

 Land use rights

 

11,891,188

 

11,639,714

 

 Machinery and equipments

 

40,482,556

 

26,178,326

 

 Motor vehicles

 

1,830,936

 

1,842,370

 

 Equipment and furniture

 

2,480,167

 

2,083,117

 

 Leasehold improvements

 

9,916,857

 

3,658,617

 

Total Cost

 

$

103,304,817

 

$

91,646,697

 

 

 

 

 

 

 

less: Accumulated depreciation

 

 

 

 

 

 Construction in progress

 

 

 

 Plant and buildings

 

4,603,308

 

3,373,144

 

 Land use rights

 

979,406

 

679,504

 

 Machinery and equipments

 

11,921,501

 

8,739,877

 

 Motor vehicles

 

1,422,533

 

1,105,785

 

 Equipment and furniture

 

1,252,944

 

901,314

 

 Leasehold improvements

 

866,210

 

1,219,192

 

Total Accumulated depreciation

 

$

21,045,902

 

$

16,018,816

 

 

 

 

 

 

 

less: Impairment

 

 

 

 

 

 Plant and buildings

 

827,459

 

 

 Machinery and equipments

 

1,124,223

 

 

 Leasehold improvements

 

223,850

 

 

Total impairment

 

$

2,175,532

 

 

 

 

 

 

 

 

Property, Plant and Equipment net

 

$

80,083,383

 

$

75,627,881