PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2011

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	September 30,			December 31,
	2011			2010

Cost:
Buildings	$	10,752,289		$	10,026,230
Office equipment		366,430			348,433
Motor vehicles		682,434			604,869
Machinery		13,481,059			12,499,837

Total cost		25,282,212			23,479,369
Less: Accumulated depreciation		(6,928,728	)		(5,290,114	)

Net book value	$	18,353,484		$	18,189,255

Depreciation expense was $1,286,494 and $1,466,396 for the nine months ended September 30, 2011 and 2010, and $193,722 and $545,178 for the three months ended September 30, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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