Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Property and Equipment

v2.4.1.9
Note 4 - Property and Equipment
9 Months Ended
Sep. 30, 2014
Notes  
Note 4 - Property and Equipment

Note 4 – Property and Equipment

 

Property and equipment are as follows:

 

 

September 30,

December 31,

 

2014

2013

 

 

 

Land

$4,372,890

$4,512,630

Plantation development costs

$10,371,194

$10,311,286

Plantation equipment

$1,474,227

$1,510,878

Office equipment

$107,769

$299,756

 

 

 

Total cost

16,326,079

16,634,550

Less accumulated depreciation

(1,272,224)

(1,138,769)

 

 

 

Property and equipment, net

$15,053,855

$15,495,781