XML 65 R11.htm IDEA: XBRL DOCUMENT

Property and Equipment

12 Months Ended

Dec. 31, 2012

NOTE 5

PROPERTY AND EQUIPMENT

The following is a summary of property and equipment at December 31, 2012 and 2011:

	2012		2011
Property and plant	$	24,783,378	$	18,742,014
Equipment and machinery		3,691,593		3,883,441
Office equipment and furniture		1,216,415		917,702
Motor vehicles		535,671		499,702
		30,227,057		24,042,859
Less: accumulated depreciation		14,158,322		10,832,231
Property and equipment, net	$	16,068,735	$	13,210,628

Depreciation expense was $4,895,736 and $3,707,270 for the years ended December 31, 2012 and 2011, 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.

+ References+ Details