Property And Equipment

9 Months Ended

Sep. 30, 2011

Note 7 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	September 30,				December 31,
	2011		2010		2010
Land	$	1,178,160	$	1,178,160	$ 1,178,160
Buildings and improvements		11,555,313		11,219,047	11,328,860
Machinery and equipment		14,374,318		13,256,649	13,713,649
Vehicles		1,289,307		976,745	976,745
Office equipment		377,309		299,823	352,135
Construction in process		261,865		133,579	96,990
		29,036,272		27,064,003	27,646,539
Less accumulated depreciation		13,655,555		12,133,694	12,493,826
Total property and equipment	$	15,380,717	$	14,930,309	$ 15,152,713

Depreciation expense during the nine months ended September 30, 2011 and 2010 and for the year ended December 31, 2010 was $1,163,939, $1,033,611 and $1,393,745, 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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