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Property, Plant And Equipment

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

7. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following, at cost:

	As of June 30, 2014		As of December 31, 2013		Increase
Laboratory and manufacturing equipment	$	3,194,600	$	3,182,686	$	11,914
Building and improvements		2,960,189		2,940,239		19,950
Office furniture and equipment		386,341		354,243		32,098
Construction in progress		222,510		9,600		212,910
Land		50,000		50,000		--
Property, plant and equipment, gross		6,813,640		6,536,768		276,872
Less: accumulated depreciation		4,227,242		4,012,003		215,239
Property, plant and equipment, net	$	2,586,398	$	2,524,765	$	61,633

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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