PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment, Net [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT, NET

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

	As of			As of
	December 31, 2015			December 31, 2014
Property and Buildings	$	7,532,019		$	7,805,988
Leasehold improvement		1,722,562			-
Machinery and equipment		19,467,526			16,969,456
Automobiles		913,888			894,173
Office and electric equipment		736,808			684,899
Subtotal		30,372,803			26,354,516
Construction in progress		96,112			891,206
Less: accumulated depreciation		(8,912,049	)		(6,728,482	)
Property and equipment, net	$	21,556,866		$	20,517,240

Depreciation expense was $2,641,932 and $1,671,451 for the years ended December 31, 2015 and 2014, respectively.

Construction in progress represents costs of construction incurred for the Company's new plant and equipment. The construction for the Company’s new plant in U.S. has been completed and put in use in July 2015. The Construction in progress as of December 31, 2015 represents cost of construction for its facility expansion in China.