PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

4.	PROPERTY,PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following, at cost:

	As of June 30, 2013		As of December 31, 2012
Laboratory and manufacturing equipment	$	3,074,571	$	3,029,559
Building and improvements		2,816,144		2,785,698
Office furniture and equipment		315,631		312,979
Land		50,000		50,000
Property, plant and equipment, gross		6,256,346		6,178,236
Less: accumulated depreciation		4,015,914		3,820,627
Property, plant and equipment, net	$	2,240,432	$	2,357,609

- 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.

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