Property And Equipment

6 Months Ended

Jun. 30, 2011

Note 7 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	June 30,				December 31,
	2011		2010		2010
Land	$	1,178,160	$	1,178,160	$	1,178,160
Buildings and improvements		11,477,053		11,051,821		11,328,860
Machinery and equipment		14,112,020		13,182,669		13,713,649
Vehicles		1,211,760		963,245		976,745
Office equipment		366,064		299,110		352,135
Construction in process		153,255		---		96,990
		28,498,312		26,675,005		27,646,539
Less accumulated depreciation		13,261,033		11,784,678		12,493,826
Total property and equipment	$	15,237,279	$	14,890,327	$	15,152,713

Depreciation expense during the six months ended June 30, 2011 and 2010 and for the year ended December 31, 2010 was $767,207, $684,595 and $1,393,745, 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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