Property and Equipment

9 Months Ended

Sep. 30, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY AND EQUIPMENT

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

	Useful Life		September 30, 2011			December 31, 2010
Office equipment and furniture	5 Years		$	187,890		$	127,522
Manufacturing equipment	5 – 10 Years			53,583,966			42,473,873
Vehicles	5 Years			123,491			119,569
Construction in progress		-		1,490,189			3,837,975
Building and building improvements	20 Years			17,556,259			16,998,647
				72,941,795			63,557,586
Less: accumulated depreciation				(12,814,344	)		(8,814,593	)
			$	60,127,451		$	54,742,993

For the nine months ended September 30, 2011 and 2010, depreciation expense amounted to $3,651,168 and $2,145,463, of which $3,145,842 and $1,905,970 is included in cost of sales, for the nine months ended September 30, 2011 and 2011, respectively.  For the three months ended September 30, 2011 and 2010, depreciation expense amounted to $1,147,409 and $944,821, of which $1,062,878 and $866,343 is included in cost of sales, for the three months ended September 30, 2011 and 2011, respectively.

Construction in progress includes capital leased equipment which is currently being installed (see note 12). Depreciation is not taken during the period of construction or during the period of equipment.  Upon completion of the installation of equipment or any construction in progress, construction in progress balances will be classified to their respective property and equipment categories.