PROPERTY, PLANT AND EQUIPMENT - Note 11

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

PROPERTY, PLANT AND EQUIPMENT - Note 11

NOTE 11 — PROPERTY, PLANT AND EQUIPMENT

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

	March 31, 2012		December 31, 2011
	(Unaudited)		(Audited)
Machinery and equipment	$	9,745,586	$	9,678,543
Electronic equipment		2,455,428		2,431,834
Transportation equipment		166,274		182,250
Workshop reconstruction		175,028		173,928
Leasehold improvements		2,607,690		2,547,847
Computer equipment		97,039		96,982
Office equipment		678,923		614,710
		15,925,968		15,726,094
Less: Accumulated depreciation		(9,906,491)		(9,465,419)
Total property, plant and equipment, net	$	6,019,477	$	6,260,675

Depreciation for the three months ended March 31, 2012 and 2011 was $398,876 and $372,915 respectively.