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Property and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 5 - PROPERTY AND EQUIPMENT

The following is a summary of property and equipment at December 31, 2011 and 2010:

	2011		2010
Property and plant	$	18,742,014	$	15,691,694
Equipment and machinery		3,883,441		3,674,395
Office equipment and furniture		917,702		682,612
Motor vehicles		499,702		377,121
		24,042,859		20,425,822
Less: accumulated depreciation		10,832,231		7,845,065
Property and equipment, net	$	13,210,628	$	12,580,757

Depreciation expense was $3,707,270 and $2,274,520 for the years ended December 31, 2011 and 2010, 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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