June 30, 2012

December 31, 2011

Land

$4,318,216

$4,217,604

Plantation development costs

7,930,464

6,945,617

Plantation equipment

1,437,419

1,199,503

Office equipment

111,701

110,031

Total cost

13,797,800

12,472,755

Less accumulated depreciation

(708,984)

(567,573)

Property and equipment, net

$13,088,816

$11,905,182