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Property, Plant, and Equipment
3 Months Ended
Mar. 31, 2012
Property, Plant and Equipment  
Property, Plant and Equipment Disclosure

NOTE 4 – PROPERTY AND EQUIPMENT

 

At March 31, 2012 and December 31, 2011, property and equipment consisted of the following:

 

 

 

Estimated

Useful

Life

(In years)

 

 

March 31,

2012

 

 

December 31,

2011

 

 

 

 

 

 

 

 

 

 

 

Office equipment and furniture

 

 

3-7

 

 

$

569,327

 

 

$

-

 

Autos and trucks

 

 

5

 

 

 

386,337

 

 

 

-

 

Manufacturing equipment

 

 

2-10

 

 

 

985,655

 

 

 

-

 

Building

 

 

5-20

 

 

 

1,909,617

 

 

 

-

 

Subtotal

 

 

 

 

 

 

3,850,936

 

 

 

-

 

Less: Accumulated depreciation

 

 

 

 

 

 

(1,400,920

)

 

 

-

 

Property and equipment, net

 

 

 

 

 

$

2,450,016

 

 

$

-

 

 

For the three months ended March 31, 2012 and 2011, depreciation expenses amounted to approximately $76,717 and $0, respectively.