Property, Plant, and Equipment

9 Months Ended

Sep. 30, 2012

Property, Plant, and Equipment [Text Block]

6. Property, Plant, and Equipment

Property, plant and equipment at September 30, 2012 and December 31, 2011, consisted of the following:

		September 30, 2012			December 31,2011
Mill land at cost	$	225,289		$	225,289
Mill building at cost		522,786			430,118
Milling equipment at cost		3,716,011			2,802,925
Less accumulated depreciation		(119,375	)		(80,385	)
Total mill		4,344,711			3,377,947

Building and equipment at cost		771,419			771,419
Less accumulated depreciation		(525,015	)		(441,308	)
Total building and equipment		246,404			330,111

Land		465,857			259,409

Total	$	5,056,972		$	3,967,467

- 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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