PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

5. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of December 31, 2011 and 2010, consist of the following:

	2011		2010
Land	$	650,000	$	650,000
Building and leasehold improvements		14,999,000		10,525,000
Equipment and fixtures		47,657,000		36,947,000
Vehicle		170,000		67,000
	$	63,476,000	$	48,189,000
Less accumulated depreciation and amortization		24,624,000		17,600,000
Property, plant and equipment - net	$	38,852,000	$	30,589,000

Substantially all of the Company's property, plant and equipment are pledged as collateral for various loans (see Note 11).

Depreciation and amortization expense for the years ended December 31, 2011, 2010, and 2009 was $7,024,000,$4,700,000, and $3,634,000, 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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