Property, Plant And Equipment, Net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment, Net [Abstract]

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment consisted of the following:

	March 31, 2015 (Unaudited)			December 31, 2014

Buildings	$	7,110,510		$	6,960,774
Shop equipment		19,868,026			19,449,637
Office equipment		4,481,364			4,386,994
Motor vehicles		1,607,064			1,573,222
Car park		25,384			24,849
Leasehold improvements		25,232,660			24,701,300
Construction in progress		12,888,944			12,617,522

Total property, plant and equipment		71,213,952			69,714,298
Less: accumulated depreciation and amortization		(32,897,955	)		(31,871,127	)

Total property, plant and equipment, net	$	38,315,997		$	37,843,171

The depreciation expenses for the 3 months ended March 31, 2015 and 2014 were $1,026,828 and $1,646,376, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details