PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2011

8. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following at:

	December 31,

	2010			2011
Film projection equipment		5,778,810			14,326,138
Furniture and office equipment		561,942			1,153,175
Transportation equipment		545,443			670,068
Leasehold improvements		10,202,639			26,015,895

		17,088,834			42,165,276
Less: accumulated depreciation		(2,590,530	)		(5,113,981	)

		14,498,304			37,051,295
Construction in progress		—			3,157,152

Property and equipment, net		14,498,304			40,208,447

Depreciation expense for the years ended December 31, 2009, 2010 and 2011 was $143,001, $840,677 and $2,032,836, 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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