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PROPERTY AND EQUIPMENT, NET

6 Months Ended

Apr. 30, 2012

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 April 30, 2012 and October 31, 2011 were as follows:

		2012				2011
		US$				US$

Machinery and equipment			3,734,886				3,710,282
Office equipment and furnishings			66,792				66,352
Motor vehicles			57,136				56,759
Total:			3,858,814				3,833,393

Less: Accumulated depreciation			(2,265,677	)			(2,054,409	)
Net book value			1,593,137				1,778,984

Depreciation expense for the three months ended April 30, 2012 and 2011 was $98,594 and $94,640, respectively, of which $94,191 and $91,288 were included as a component of cost of goods sold in the respective periods. Depreciation expense for the six months ended April 30, 2012 and 2011 was $197,504 and $189,667, respectively, of which $188,570 and $181,197 were included as a component of cost of goods sold in the respective periods.

No assets were pledged for borrowings as of April 30, 2012 and October 31, 2011.

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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