Property, Plant and Equipment

9 Months Ended

Sep. 30, 2014

9. Property, Plant and Equipment

Property, plant and equipment at September 30, 2014 and December 31, 2013 consist of the following:

	September 30,			December 31,
	2014			2013
Land	$	90,000		$	90,000
Buildings	15,332,232			15,332,232
Building improvements	5,002,536			4,923,827
Software, machinery and equipment	11,797,210			10,658,236
	32,221,978			31,004,295
Less accumulated depreciation	(26,632,409		)	(25,726,628		)
Property, plant, and equipment, net	$	5,589,569		$	5,277,667

- 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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