Property And Equipment

3 Months Ended

Mar. 31, 2012

Note 6 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	March 31,				December 31,
	2012		2011		2011
Land	$	1,178,160	$	1,178,160	$	1,178,160
Buildings and improvements		11,656,233		11,367,274		11,633,077
Machinery and equipment		14,777,420		14,006,251		14,697,024
Vehicles		1,347,228		1,073,745		1,334,628
Office equipment		404,905		374,564		383,099
Construction in process		111,039		---		17,410
		29,474,985		27,999,994		29,243,398
Less accumulated depreciation		14,443,621		12,870,339		14,044,576
Total property and equipment	$	15,031,364	$	15,129,655	$	15,198,822

Depreciation expense during the three months ended March 31, 2012 and 2011 was $399,045 and $376,513, 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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