Property, Plant and Equipment

3 Months Ended

Jun. 30, 2011

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

At June 30, 2011 and December 31, 2010, property, plant and equipment, net, consisted of the following:

	June 30, 2011			December 31, 2010

Buildings and building improvements	$	2,619,242		$	2,565,072
Production equipment		744,330			702,900
Medical radiotherapy equipment		658,768			-
Furniture, fixture and office equipment		406,333			422,616
Motor vehicles		197,842			193,750
		4,626,515			3,884,338
Less: Accumulated depreciation		(1,638,968	)		(1,464,990	)
	$	2,987,547		$	2,419,348

For the six months ended June 30, 2011 and 2010, depreciation expenses were $145,390 and $121,526, respectively. For the three months ended June 30, 2011 and 2010, depreciation expenses were $95,014 and $60,879, respectively.

During the six months period ended June 30, 2011, a loss on write off of fixed assets of $27,833 was recorded since the first quarter of 2011. This was the office equipment acquired from Portola Medical Inc. in 2010.

- 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.

+ References+ Details

HUIHENG MEDICAL, INC. 10-Q/A