PLANT, PROPERTY AND EQUIPMENT, NET

3 Months Ended

Jun. 30, 2011

NOTE 5 – PLANT, PROPERTY AND EQUIPMENT, NET

The components of property and equipment as of June 30, 2011 and March 31, 2011 were as follows:

	Period Ended
	June 30, 2011		March 31, 2011
Machinery & Equipment	$	512,191	$	516,935
Furniture & Fixture		129,405		96,156
Building		9,632,593		9,685,212
Subtotal		10,474,188		10,298,303
Less: Accumulated Depreciation		( 796, 399 )		(668,745	)
Total plant, property and equipment, net	$	9,677,789	$	9,629,558

The depreciation expense for the three months ended June 30, 2011 and 2010 was $127,654 and $54,456, 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.

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