Note 5 - Property and Equipment, Net

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

5

- PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of
	March 31, 2019			December 31, 2018
Land	$	1,608,647		$	1,608,647
Buildings and improvements		18,784,628			18,784,628
Machinery and equipment		9,545,154			10,160,205
Motor vehicles		11,641,656			10,267,095
Subtotal		41,580,085			40,820,575
Less: Accumulated depreciation		(16,997,434	)		(18,170,554	)
Property and equipment, net	$	24,582,651		$	22,650,021

Depreciation expense was

$707,396

and

$496,095

for the

three

months ended

March 31, 2019

and

2018,

respectively.