Property and Equipment

12 Months Ended

Dec. 31, 2011

Note 6 - Property and Equipment

A summary of property and equipment at December 31, 2011 and 2010, is as follows:

	2011			2010
				As Restated

Building and improvements	$	3,478,134		$	3,278,637
Machinery and equipment		2,525,712			2,079,978
Furniture and fixtures		272,381			154,679
		6,276,227			5,513,294
Less: accumulated depreciation		(2,731,146	)		(2,331,208	)
		3,545,081			3,182,086
Land		1,160,470			1,160,470

Total property and equipment	$	4,705,551		$	4,342,556

Depreciation expense was $327,807 and $374,706 for 2011 and 2010, 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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