Property And Equipment

12 Months Ended

Dec. 31, 2011

Note 7 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	December 31,
	2011		2010
Land	$	1,178,160	$	1,178,160
Buildings and improvements		11,633,077		11,328,860
Machinery and equipment		14,697,024		13,713,649
Vehicles		1,334,628		976,745
Office equipment		383,099		352,135
Construction in process		17,410		96,990
		29,243,398		27,646,539
Less accumulated depreciation		14,044,576		12,493,826
Total property and equipment	$	15,198,822	$	15,152,713

Depreciation expense during the years ended December 31, 2011 and 2010 was $1,552,961 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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