PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment, Net [Abstract]

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

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

	As of December 31,
	2013		2012
Cost:
Buildings	$	35,481,843	$	34,264,012
Office equipment		431,648		415,007
Motor vehicles		774,693		696,015
Machinery		23,775,665		21,545,892
Total cost		60,463,849		56,920,926
Less: Accumulated depreciation		(13,324,391)		(9,723,811)
Net book value	$	47,139,458	$	47,197,115

Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $3,943,546, $3,264,226 and $1,895,512, 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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