Property, Plant and Equipment

9 Months Ended

Sep. 30, 2014

8. Property, Plant and Equipment

Property, plant and equipment at March 31, 2015 and December 31, 2014 consist of the following:

	March 31,			December 31,
	2015			2014
Land	$	90,000		$	90,000
Buildings	15,332,232			15,332,232
Building improvements	5,031,803			5,031,803
Software, machinery and equipment	11,596,592			11,396,627
	32,050,627			31,850,662
Less accumulated depreciation	(26,855,332		)	(26,538,755		)
Property, plant, and equipment, net	$	5,195,295		$	5,311,907

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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