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Note 6 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

Note 6 – Property, Plant and Equipment

Major classes of property, plant and equipment consist of the following:


		2011				2010
Land		$	1,135,000			$	1,135,000
Buildings			4,507,366				4,507,366
Building improvements			2,141,261				2,120,054
Machinery and equipment			2,000,607				1,886,564
Furniture and fixtures			343,445				341,245
Computer equipment			503,620				460,818
Transportation equipment			109,969				109,969
Lab equipment (1)			1,431,973				757,249
Totals at cost			12,173,241				11,318,265
Less: Accumulated depreciation and amortization			(4,224,284	)			(3,763,948	)
		$	7,948,957			$	7,554,317

Depreciation and amortization expense (2)		$	597,040			$	588,987

(1)

Includes equipment that was transferred from inventory. See supplemental cash flow information.

(2)

Includes amortization expense of $136,704 and $178,658 for the years ending December 31, 2011 and 2010, respectively. Such amortization expense relates to other capitalized and intangible assets

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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