PROPERTY AND EQUIPMENT, NET

9 Months Ended

Jul. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8. PROPERTY AND EQUIPMENT, NET

Property and equipment and related accumulated depreciation as of July 31, 2011 and October 31, 2010 were as follows:

	2011			2010
	US$			US$

Machinery and equipment		3,677,690			3,545,146
Office equipment and furnishings		65,769			58,006
Motor vehicles		56,260			54,237
		3,799,719			3,657,389
Less: Accumulated depreciation		(1,938,995	)		(1,587,929	)
Net book value		1,860,724			2,069,460

Depreciation expense for the three months ended July 31, 2011 and 2010 were $97,648 and $80,496, respectively, of which $92,283 and $76,622 were included as a component of cost of goods sold in the respective periods. Depreciation expense for the nine months ended July 31, 2011 and 2010 was $286,379 and $261,572, respectively, of which $273,480 and $249,996 were included as a component of cost of goods sold in the respective periods. No assets were pledged for borrowings as at July 31, 2011 and October 31, 2010.

- 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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