Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

(5) Property, Plant and Equipment

Property, plant and equipment at December 31, 2012 and 2011 consisted of the following:

	2012			2011			Estimated useful lives

Land	$	200,000		$	200,000		—
Buildings		759,281			759,281		27 years
Machinery and equipment		5,682,609			3,552,316		3 to 10 years
Office equipment		2,880,938			1,278,375		2 to 15 years
Leasehold improvements		2,226,065			1,242,996		1 to 15 years
Vehicles		477,445			288,909		3 to 5 years

Total property, plant and equipment		12,226,338			7,321,877
Less accumulated depreciation		(6,876,028	)		(4,147,129	)

Net property, plant and equipment	$	5,350,310		$	3,174,748

Depreciation of property, plant and equipment was $1,042,606, $530,326 and $453,810 for the years ended December 31, 2012, 2011 and 2010, 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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