PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2012

PROPERTY, PLANT AND EQUIPMENT [Text Block]

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment at June 30, 2012 and December 31, 2011 consisted of the following:
		June 30, 2012			December 31, 2011
Buildings	$	26,304,957		$	25,296,828
Machinery and equipment		30,601,008			29,891,291
Furniture, fixtures, office equipment and vehicles		6,762,154			6,445,851
Total property, plant and equipment, gross		63,668,119			61,633,970
Accumulated depreciation		(24,040,851	)		(21,744,060	)
Total property, plant and equipment, net		39,627,268			39,889,910
Construction in progress		811,236			656,629
Property, plant and equipment, net	$	40,438,504		$	40,546,539

Depreciation expense for the three months ended June 30, 2012 and 2011 was $1,184,498 and $1,083,692, respectively. Depreciation expense for the six months ended June 30, 2012 and 2011 was $2,281,223 and $2,192,436, respectively.