PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment, Net [Abstract]

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

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

	June 30, 2013		December 31, 2012
Cost:
Buildings	$	34,856,273	$	34,264,012
Office equipment		422,450		415,007
Motor vehicles		749,870		696,015
Machinery		21,918,317		21,545,892
Total cost		57,946,910		56,920,926
Less: Accumulated depreciation		(11,805,897)		(9,723,811)
Net book value	$	46,141,013	$	47,197,115

Depreciation expense was $1,894,720 and $1,136,103 for the six months ended June 30, 2013 and 2012, and $952,233 and $580,087 for the three months ended June 30, 2013 and 2012, 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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