PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

The following is a summary of property and equipment as of September 30, 2018 and December 31, 2017:

	As of
	September 30, 2018			December 31, 2017
	(unaudited)
Buildings	$	2,288,298		$	2,415,577
Plant and machinery		17,722,789			18,615,951
Motor vehicles		240,833			254,228
Office and electric equipment		1,363,581			1,415,194
Leasehold improvements		1,561,822			1,623,027
Subtotal		23,177,323			24,323,977
Less: accumulated depreciation		(17,273,541	)		(17,024,334	)
Property and equipment, net	$	5,903,782		$	7,299,643

Depreciation and amortization expenses for the three and nine months ended September 30, 2018 was $402,021 and $1,208,346, respectively. Depreciation and amortization expenses for the three and nine months ended September 30, 2017 was $436,158 and $1,173,159, respectively.