Property And Equipment

9 Months Ended

Sep. 30, 2012

Note 6 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:



	September 30,				December 31
	2012		2011		2011
Land	$	1,178,160	$	1,178,160	$	1,178,160
Buildings and improvements		11,713,436		11,555,313		11,633,077
Machinery and equipment		15,099,413		14,374,318		14,697,024
Vehicles		1,379,591		1,289,307		1,334,628
Office equipment		413,113		377,309		383,099
Construction in process		234,895		261,865		17,410
		30,018,608		29,036,272		29,243,398
Less accumulated depreciation		15,264,296		13,655,555		14,044,576

Total property and equipment	$	14,754,312	$	15,380,717	$	15,198,822

Depreciation expense during the nine months ended September 30, 2012 and 2011 was $1,219,721 and $1,163,939, 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.

+ References+ Details