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Note 4- Property, Plant and Equipment

3 Months Ended

Jun. 30, 2012

Note 4- Property, Plant and Equipment:

Note 4– PROPERTY, PLANT AND EQUIPMENT

The property, plant and equipment consist of the following:

	June 30, 2012				September 30, 2011

Machinery & Equipment		$	11,263,251			$	9,140,703
Plant & Buildings			13,983,652				12,624,123
Sub total			25,246,903				21,764,826

Less: Accumulated Depreciation			(2,063,189	)			(1,436,420	)
Add: Construction in Process			-				1,339,223

Property, Plant and Equipment		$	23,183,714			$	21,667,629

Depreciation expense for the three months ended June 30, 2012 and 2011 was 214,841and $161,951, respectively. Depreciation expense for the nine months ended June 30, 2012 and 2011 was $622,637 and $486,929, respectively.

As of June, 2012, the Company completed construction of its new manufacturing production lines. During the nine months ended June 30, 2012, the Company reclassified $1,339,223 of construction in process to property, plant and equipment.

- 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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