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Note 5 - Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2013

Note 5 - Property, Plant and Equipment, Net

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment of the Company consist primarily of manufacturing facilities and equipment in the PRC. As of the balance sheet dates, property, plant and equipment are summarized as follows:

	Depreciable lives	June 30, 2013	December 31, 2012

At cost:
Plant	40 years	$2,212,707	$2,169,241
Machinery	15 years	221,477	217,127
Motor vehicle	10 years	470,983	370,518
Office equipment	5 years	214,237	210,029
Leasehold Improvement	2 years	849,134	832,454
		3,968,538	3,799,369

Less: Accumulated depreciation		(1,238,882)	(1,112,248)

Property, plant and equipment, net		$2,729,656	$2,687,121

Depreciation expense for the six months ended June 30, 2013 and 2012 was $103,707 and $ 77,775, respectively.

- 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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