Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment (Tables)

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Note 3 - Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
Schedule of Property and Equipment

Property and equipment are as follows:

 

 

June 30,

December 31,

 

2015

2014

 

 

 

Land

$3,766,810

$3,994,647

Plantation development costs

9,380,363

$9,638,425

Plantation equipment

1,301,113

$1,366,258

Office equipment

101,355

$103,770

 

 

 

Total cost

14,549,641

15,103,100

Less accumulated depreciation

(1,339,448)

(1,268,845)

 

 

 

Property and equipment, net

$13,210,193

$13,834,255