PROPERTY, PLANT AND EQUIPMENT - Note 8

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

PROPERTY, PLANT AND EQUIPMENT - Note 8

NOTE 8 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of March 31, 2013 and December 31, 2012 consisted of the following:

	Estimated	March 31,		December 31,
	Useful Lives	2013		2012
		(Unaudited)
Machinery and equipment	4-6 years	$	1,109,206	$	1,103,169
Electronic equipment	4-6 years		90,138		89,645
Transportation equipment	4-6 years		50,525		50,248
Leasehold improvements	5 years		2,864,328		2,791,278
Computer equipment	4-6 years		255,406		255,406
Office equipment	4-6 years		271,453		256,828
Total			4,641,056		4,546,574
less:Accumulated depreciation			(2,248,627)		(2,169,935)
Property, plant and equipment, net		$	2,392,429	$	2,376,639

Depreciation for the three months ended March 31, 2013 and 2012 was $71,773 and $91,046 respectively.