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Plant, Property and Equipment, Net
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Property, Plant and Equipment Disclosure [Text Block]
Note 5 - Plant, Property and Equipment, Net

As of September 30, 2012 and December 31, 2011, plant, property and equipment consisted of the following:

   
September 30,
   
December 31,
 
   
2012
   
2011
 
   
(Unaudited)
       
Building and workshops
 
$
7,361,148
   
$
7,604,331
 
Office equipment
   
567,318
     
465,596
 
Autos
   
306,488
     
345,492
 
Machinery
   
3,020,506
     
2,643,008
 
Museum decoration and renovation
   
544,566
     
422,280
 
Less: accumulated depreciation
   
(3,205,278
)
   
(2,759,521
)
                 
   
$
8,594,748
   
$
8,721,186
 

Depreciation expense was $528,404 and $467,173 for the nine months ended September 30, 2012 and 2011, respectively; $176,782 and $160,662 for the three months ended September 30, 2012 and 2011, respectively.

During the nine months ended September 30, 2012, the Company had disposal loss of $123,587 on retirement of unused and obsolete workshop.

Note 5 - Plant, Property and Equipment, Net

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

   
2011
   
2010
 
Building and workshops
 
$
7,604,331
   
$
7,197,084
 
Office equipment
   
465,596
     
269,916
 
Autos
   
345,492
     
293,452
 
Machinery
   
2,643,008
     
2,397,658
 
Museum decoration and renovation
   
422,280
     
-
 
Less: accumulated depreciation
   
(2,759,521
)
   
(1,965,173
)
                 
   
$
8,721,186
   
$
8,192,937
 

Depreciation expense was $641,867 and $363,471 for the years ended December 31, 2011 and 2010, respectively.