Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v2.4.0.6
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Property and Equipment

Property and equipment are as follows:

December 31,

December 31,

2012

2011

 

 

Land

 $4,539,314

 $4,217,604

Plantation development costs

 9,229,638

 6,945,617

Plantation equipment

 1,546,971

 1,199,503

Office equipment

 108,598

 110,031

Total cost

 15,424,521

 12,472,755

Less accumulated depreciation

 (865,518)

 (567,573)

Property and equipment, net

 $14,559,002

 $11,905,182