XML 46 R11.htm IDEA: XBRL DOCUMENT

Plant, Property and Equipment, Net

6 Months Ended

12 Months Ended

Jun. 30, 2011

Dec. 31, 2010

Property, Plant and Equipment Disclosure [Text Block]

Note 5 - Plant, Property and Equipment, Net

As of June 30, 2011, and December 31, 2010, plant, property and equipment consisted of the following:

		2011				2010
Building and workshops		$	7,365,123			$	7,197,084
Office equipment			328,218				269,916
Automobiles			300,303				293,452
Machinery			2,506,573				2,397,658
Museum decoration and renovation			180,991				-
Less: Accumulated depreciation			(2,320,726	)			(1,965,173	)

		$	8,360,482			$	8,192,937

Depreciation expense was $306,511 and $171,015 for the six months ended June 30, 2011 and 2010, respectively, and $154,217 and $86,381 for the three months ended June 30, 2011 and 2010, respectively.

Note 4 - Property and Equipment, Net

As of December 31, 2010 and 2009, property and equipment consisted of the following:

		2010				2009
Building and workshops		$	7,197,084			$	2,502,211
Office equipment			269,916				245,669
Automobiles			293,452				255,061
Machinery			2,397,658				1,869,873
Less: Accumulated depreciation			(1,965,173	)			(1,647,342	)

		$	8,192,937			$	3,225,472

Depreciation expense was $363,471 and $362,239 for the years ended December 31, 2010 and 2009, respectively.

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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