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PROPERTY, PLANT AND EQUIPMENT - Note 7

3 Months Ended

Mar. 31, 2014

NOTE 7 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of March 31, 2014 and December 31, 2013 consisted of the following:

	Estimated		March 31,		December 31,
	Useful Lives		2014		2013
			(Unaudited)
Machinery and equipment	4-6 years	$	1,121,444	$	1,130,554
Electronic equipment	4-6 years		91,670		92,415
Transportation equipment	4-6 years		51,384		51,801
Computer equipment	4-6 years		1,164		1,173
Office equipment	4-6 years		20,637		20,805
Total			1,286,299		1,296,748
less: Accumulated depreciation			(1,286,299)		(1,296,748)
Property, plant and equipment, net		$	-	$	-

Depreciation expense for the three months ended March 31, 2014 and 2013 was $0 and $0, respectively. The Company recorded $213,710 and $275,400 of depreciation in discontinued operations for the three months ended March 31, 2014 and 2013, 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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