PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

4. PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following:

	December 31,
	2012			2011

Land	$	261,893		$	261,893
Buildings and building improvements	11,354,210			11,121,552
Production equipment	15,612,807			15,550,226
Office furniture and equipment	2,821,179			2,341,747
Construction in progress	731,258			995,810
Automobiles	102,321			102,321
	30,883,668			30,373,549
Accumulated depreciation	(18,984,018		)	(17,719,693		)
	$	11,899,650		$	12,653,856

Depreciation expense for the years ended December 31, 2012, 2011, and 2010 was $1,264,326; $1,267,813; and $1,482,591, 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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