Annual report pursuant to Section 13 and 15(d)

Note 4 - Property and Equipment: Property and Equipment (Tables)

v2.4.1.9
Note 4 - Property and Equipment: Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Property and Equipment

Property and equipment are as follows:

 

 

December 31,

 

2014

2013

 

 

 

Land

$3,994,647

$4,512,630

Plantation development costs

9,638,425

$10,311,286

Plantation equipment

1,366,258

$1,510,878

Office equipment

103,770

$299,756

 

 

 

Total cost

15,103,100

16,634,550

Less accumulated depreciation

(1,268,845)

(1,138,769)

 

 

 

Property and equipment, net

$13,834,255

$15,495,781