PLANT, PROPERTY AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

PLANT, PROPERTY AND EQUIPMENT, NET

NOTE 5 – PLANT, PROPERTY AND EQUIPMENT, NET

The components of property and equipment were as follows:

	Period Ended
	December 31, 2012			March 31, 2012
Machinery & Equipment	$	617,363		$	538,461
Furniture & Fixture		164,767			164,536
Building		10,123,714			10,109,560
Subtotal		10,905,844			10,812,557
Less: Accumulated Depreciation		(1,410,361	)		(1,149,219	)
Total plant, property and equipment, net	$	9,495,483		$	9,663,338

The depreciation expense for the three months ended December 31, 2012 and 2011 was $84,813 and $27,885, respectively.

The depreciation expense for the nine months ended December 31, 2012 and 2011 was $261,143 and $155,283, respectively.