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Note 5 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

Note 5 – Property, Plant and Equipment

Major classes of property, plant and equipment consist of the following:

		2012				2011
Land		$	2,110,000			$	1,135,000
Buildings			8,903,514				4,507,366
Building improvements			1,746,712				2,141,261
Machinery and equipment			2,034,012				2,000,607
Furniture and fixtures			356,460				343,445
Computer equipment			536,206				503,620
Transportation equipment			41,599				109,969
Lab equipment (1)			1,560,251				1,431,973
Construction in progress			4,051,573				-
Totals at cost			21,340,327				12,173,241
Less: Accumulated depreciation and amortization			(4,394,600	)			(4,224,284	)
		$	16,945,727			$	7,948,957

Depreciation and amortization expense (2)		$	515,215			$	597,040

(1)

Includes equipment that was transferred from inventory. See supplemental cash flow information.

(2)

Includes amortization expense of $14,096 and $136,704 for the years ending December 31, 2012 and 2011, respectively. Such amortization expense relates to other capitalized and intangible assets.

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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