Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

8. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment as of June 30, 2012 and December 31, 2011 consisted of the following.

	June 30, 2012		December 31, 2011


Buildings and leasehold improvements	$	4,568,872	$	4,518,397
Plant and equipment		1,154,445		1,024,245
Motor vehicles		169,250		166,884
Office equipment		326,708		164,907
Total property, plant and equipment		6,219,275		5,874,433

Accumulated depreciation		1,347,698		1,103,134
Property, plant and equipment, net	$	4,871,577	$	4,771,299
Construction in progress		79,382		35,878
	$	4,950,959	$	4,807,177

The Company has buildings on the site it occupies, including factory buildings. Due to the lack of a Land Use Right Certificate, the Company is unable to apply for the Property Ownership Certificate for the buildings. However, as the buildings are in use, the Company depreciates them over their expected useful lives. During the quarter ended June 30, 2011, the Company’s factory campus construction project was completed and the costs were moved from construction in process to the buildings account. Upon placement in service, the Company began depreciating them.

- 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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