Note 5 - Property and Equipment

9 Months Ended

Sep. 30, 2013

Note 5 - Property and Equipment

Property and equipment consist of the following as of September 30, 2013 and December 31, 2012:

	September 30, 2013	December 31, 2012
	September 30, 2013	December 31, 2012

Automobile	$ 147,491	$ 145,121
Furniture and fixture	14,270	14,270
Leasehold improvement	1,100	1,100
Machinery and equipment	1,285,022	1,319,879
	1,447,883	1,480,370
Less: Accumulated depreciation	(1,043,894)	(816,192)
Net property and equipment	$ 403,989	$ 664,178

Depreciation expense amounted to $227,702 and $492,900 for the nine months ended September 30, 2013 and 2012, 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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