PROPERTY, PLANT AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment, Net [Abstract]

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

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

	March 31,			December 31,
	2013			2012
Cost:
Buildings	$	34,354,744		$	34,264,012
Office equipment		416,371			415,007
Motor vehicles		739,081			696,015
Machinery		21,602,945			21,545,892
Total cost		57,113,141			56,920,926
Less: Accumulated depreciation		(10,693,490	)		(9,723,811	)
Net book value	$	46,419,651		$	47,197,115

Depreciation expense for the three months ended March 31, 2013 and 2012 was $942,487 and $556,016, 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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