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Note 3 - Property and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at September 30, 2013 and December 31, 2012:

	Useful Life				2013			2012
Production equipment		3	-	10	$	11,608,732		$	11,098,980
Lab equipment		3	-	10		194,152			355,096
Computer equipment		3	-	5		293,452			282,612
Vehicles			3			48,454			47,283
Furniture and fixture			5			66,815			64,038
Leasehold improvements			10			1,040,710			1,009,035
						13,252,315			12,857,044
Less Accumulated Depreciation						(7,294,172	)		(6,207,227	)
Net Property and Equipment					$	5,958,143		$	6,649,817

Depreciation expense amounted to $1,216,745 and $1,123,869, for the nine months ended September 30, 2013 and 2012, respectively.

- 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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