Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY AND EQUIPMENT

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

	Useful Life		December 31, 2011			December 31, 2010
Office equipment and furniture	5 Years		$	215,145		$	127,522
Manufacturing equipment	5 – 10 Years			57,347,726			42,473,873
Vehicles	5 Years			124,211			119,569
Construction in progress		-		330,730			3,837,975
Building and building improvements	20 Years			20,623,919			16,998,647
				78,641,731			63,557,586
Less: accumulated depreciation				(14,599,652	)		(8,814,593	)
			$	64,042,079		$	54,742,993

For the years ended December 31, 2011 and 2010, depreciation expense amounted to $5,351,359 and $3,192,662, of which $4,238,590 and $2,873,423 is included in inventory and cost of sales and the remainder is included in general and administrative expenses, respectively. Depreciation is not taken during the period of construction or equipment installation. Upon completion of the installation of manufacturing equipment or any construction in progress, construction in progress balances will be classified to their respective property and equipment category.