Property, Buildings And Equipment

3 Months Ended

Mar. 31, 2012

Property, Buildings And Equipment [Abstract]

Note 3.

Property, Buildings and Equipment


	March 31, 2012 (Unaudited)			December 31, 2011
Land and land improvements	$	6,802,067		$	6,802,067
Buildings and recreational facilities		30,203,296			30,164,381
Machinery and equipment		17,700,630			17,669,598
Construction in progress		993,733			807,611

		55,699,726			55,443,657
Less accumulated depreciation		(34,878,925	)		(34,419,576	)


	$	20,820,801		$	21,024,081

The Company's property, buildings and equipment are pledged as security for its debt (see Note 5).

- 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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