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PROPERTY AND EQUIPMENT, NET
 9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 5 - PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

    As of
September 30, 2018		   As of
December 31, 2017
Land   $ 1,608,647     $ 1,608,647  
Buildings and improvements     18,784,628       18,589,496  
Machinery and equipment     9,934,252       9,430,221  
Motor vehicles     9,611,873       8,288,868  
Subtotal     39,939,400       37,917,232  
Less: accumulated depreciation     (17,614,827 )     (16,207,765 )
Property and equipment, net   $ 22,324,573     $ 21,709,467  

 

Depreciation expense was $1,579,105 and $1,384,871 for the nine months ended September 30, 2018 and 2017, and $537,443 and $475,506 for the three months ended September 30, 2018 and 2017, respectively.