PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Sep. 30, 2014

PROPERTY, PLANT AND EQUIPMENT [Text Block]

7.	PROPERTY, PLANT AND EQUIPMENT
	Property, plant, and equipment consisted of the following as of September 30, 2014 and December 31, 2013:

		9/30/2014			12/31/2013
At Cost:
Buildings	$	87,637,398		$	81,325,426
Land		243,112			-
Landscaping, plant and tree		10,897,317			10,974,003
Machinery and equipment		22,307,658			12,837,463
Office equipment		1,103,909			681,060
Motor vehicles		656,189			582,128
	$	122,845,583		$	106,400,080
Less : Accumulated depreciation
Buildings		(14,095,293	)		(7,975,238	)
Landscaping, plant and tree		(3,773,521	)		(3,081,369	)
Machinery and equipment		(13,440,237	)		(6,916,526	)
Office equipment		(931,557	)		(524,931	)
Motor vehicles		(414,330	)		(340,675	)
		(32,654,938	)		(18,838,739	)
	$	90,190,645		$	87,561,341

Landscaping, plants, and trees accounts for the orchards that the Company has developed for agricultural operations. These orchards as well as the young trees which were purchased as nursery stock are capitalized into fixed assets. The depreciation is then calculated on a 30 - year straight-line method when production in commercial quantities begins. The orchards have begun production in small quantities and the Company has accounted for depreciation commencing July 1, 2010. During the year ended December 31, 2013, the Company purchased three greenhouses to grow seasonal crops in order to lower cost.