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Note 5 - Plant, Property and Equipment, Net

9 Months Ended

Sep. 30, 2011

Property, Plant and Equipment Disclosure [Text Block]

Note 5 - Plant, Property and Equipment, Net

As of September 30, 2011, and December 31, 2010, plant, property and equipment consisted of the following:

	2011			2010
Building and workshops	$	7,539,714		$	7,197,084
Office equipment		438,623			269,916
Automobiles		342,872			293,452
Machinery		2,620,549			2,397,658
Museum decoration and renovation		280,136			-
Less: Accumulated depreciation		(2,562,089	)		(1,965,173	)

	$	8,659,805		$	8,192,937

Depreciation expense was $467,173 and $265,110 for the nine months ended September 30, 2011 and 2010, respectively, and $160,662 and $94,095 for the three months ended September 30, 2011 and 2010, respectively.

- 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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