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PROPERTY, PLANT AND EQUIPMENT - Note 8

6 Months Ended

Jun. 30, 2013

NOTE 8 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of June 30, 2013 and December 31, 2012 consisted of the following:

	Estimated		June 30,		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		2,897,972		2,791,278
Computer equipment	4-6 years		255,406		255,406
Office equipment	4-6 years		273,502		256,828
Total			4,676,749		4,546,574
less:Accumulated depreciation			(2,320,691)		(2,169,935)
Property, plant and equipment, net		$	2,356,058	$	2,376,639

Depreciation expense for the three ended June 30, 2013 and 2012 was $72,063 and $94,793, respectively. Depreciation expense for the six months ended June 30, 2013 and 2012 was $143,836 and $185,839 respectively.

- 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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