PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment, Net [Abstract]

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

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

	September 30,		December 31,
	2013		2012
Cost:
Buildings	$	35,030,328	$	34,264,012
Office equipment		424,849		415,007
Motor vehicles		768,254		696,015
Machinery		25,927,198		21,545,892
Total cost		62,150,629		56,920,926
Less: Accumulated depreciation		(12,862,945)		(9,723,811)
Net book value	$	49,287,684	$	47,197,115

Depreciation expense was $2,890,072 and $2,071,355 for the nine months ended September 30, 2013 and 2012, and $995,352 and $935,252 for the three months ended September 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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