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PROPERTY, PLANT AND EQUIPMENT
6 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property Plant and Equipment Excluding Construction Progress Disclosure [Text Block]

NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following:

 

    December 31,   June 30,
    2011   2011
Building and improvements   $ 44,688,482     $ 44,032,549  
Auto     1,556,721       1,491,849  
Machinery and equipment     35,484,471       32,862,361  
Agriculture assets     3,468,946       1,607,333  
Total property, plant and equipment     85,198,620       79,994,092  
Less: accumulated depreciation     (16,374,170 )     (13,782,651 )
Total   $ 68,824,450     $ 66,211,441  

 

 

 
 

 

 

Depreciation expenses for the three months ended December 31, 2011 and 2010 were $1,215,477 and $862,837, respectively. Depreciation expenses for the six months ended December 31, 2011 and 2010 were $2,347,876 and $1,715,800, respectively.

 

Agriculture assets consist of reproductive trees that are expected to be commercially productive for a period of eight years.