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PROPERTY, PLANT AND EQUIPMENT - Note 7

12 Months Ended

Dec. 31, 2013

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

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

	Estimated		December 31,		December 31,
	Useful Lives		2013		2012
					(Restated)
Machinery and equipment	4-6 years	$	1,130,554	$	1,096,662
Electronic equipment	4-6 years		92,415		89,645
Transportation equipment	4-6 years		51,801		50,248
Leasehold improvements	5 years		-		-
Computer equipment	4-6 years		1,173		1,173
Office equipment	4-6 years		20,805		20,181
Total			1,296,748		1,257,909
less:Accumulated depreciation			(1,296,748)		(1,257,909)
Property, plant and equipment, net		$	-	$	-

Depreciation expense for the years ended December 31, 2013 and 2012 was$0 and $813,471, 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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