Plant and Equipment, net

6 Months Ended

Jun. 30, 2011

7.	Plant and Equipment, net

The components of the Company’s plant and equipment are as follows:

	June 30,			December 31,
	2011			2010

Machinery and equipment	$	6,422,909		$	5,208,163
Office equipment		177,428			63,978
Transportation equipment		99,693			79,228
Buildings and improvements		6,262,234			6,141,571

		12,962,264			11,492,940

Less accumulated depreciation		(2,084,817	)		(1,773,860	)

		10,877,447			9,719,080

Construction in progress and construction material		2,927,852			1,870,844

Total plant and equipment, net	$	13,805,299		$	11,589,924

Depreciation expense related to property and equipment was $262,136 and $228,056 for the six months ended June 30, 2011 and 2010 and $136,088 and $109,479 for the three month periods ended June 30, 2011 and 2010, 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.

+ References+ Details

SOONER HOLDINGS INC /OK/ 10-Q/A