PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2012

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

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

	March 31,			December 31,
	2012			2011
Cost:
Buildings	$	11,423,434		$	11,399,913
Office equipment		384,199			383,797
Motor vehicles		689,004			688,283
Machinery		15,748,924			15,597,187
Total cost		28,245,561			28,069,180
Less: Accumulated depreciation		(8,068,337	)		(7,503,305	)
Net book value	$	20,177,224		$	20,565,875

Depreciation expense for the three months ended March 31, 2012 and 2011 was $556,016 and $525,007, 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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