PROPERTY, PLANT AND EQUIPMENT - Note 11

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

PROPERTY, PLANT AND EQUIPMENT - Note 11

NOTE 11 — PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of June 30, 2012 and December 31, 2011 consisted of the following:

	June 30, 2012		December 31, 2011
	(Unaudited)		(Audited)
Machinery and equipment	$	9,761,009	$	9,678,543
Electronic equipment		2,482,774		2,431,834
Transportation equipment		166,405		182,250
Workshop reconstruction		175,167		173,928
Leasehold improvements		2,668,915		2,547,847
Computer equipment		97,127		96,982
Office equipment		707,946		614,710
		16,059,343		15,726,094
Less: Accumulated depreciation		(10,315,467)		(9,465,419)
Property, plant and equipment, net	$	5,743,876	$	6,260,675

Depreciation for the six months ended June, 2012 and 2011 was $797,092 and $372,915 respectively. The depreciation for the three months ended June 30, 2012 and 2011 was $398,216 and $391,701 respectively.