PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2011

NOTE 3 – PROPERTY AND EQUIPMENT

At September 30, 2011 and December 31, 2010, property and equipment consisted of the following:

	Estimated Useful Life (In years)	2011			2010
		(Unaudited)
Office equipment and furniture	3-7	$	448,256		$	404,130
Autos and trucks	5		374,052			327,479
Manufacturing equipment	2-10		863,735			826,136
Building	5-20		1,687,740			1,643,684
Subtotal			3,373,782			3,201,429
Less: Accumulated depreciation			(1,282,956	)		(1,009,134	)
Property and equipment, net		$	2,090,826		$	2,192,295

For the nine months ended September 30, 2011 and 2010, depreciation expenses amounted to approximately $228,000 and $191,000, respectively. For the three months ended September 30, 2011 and 2010, depreciation expenses amounted to approximately $56,000 and $66,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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