5. FIXED ASSETS

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

5. FIXED ASSETS

Fixed assets are comprised of the following:

	December 31,
	2011			2010
Land	$	671,035		$	671,035
Buildings		17,504,573			17,927,764
Machinery and equipment		30,410,341			28,176,579
Furniture and fixtures		2,465,674			4,206,030
Lasts, dies and patterns		9,581,520			14,074,609
Construction work-in-progress		1,926,973			321,207
Total		62,560,116			65,377,224
Less - accumulated depreciation		(39,003,014	)		(43,247,942	)
Net Fixed Assets	$	23,557,102		$	22,129,282

We incurred approximately $5,609,000, $5,583,000 and $5,739,000 in depreciation expense for 2011, 2010 and 2009, respectively.