Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Property and Equipment: Property and Equipment (Tables)

v2.4.1.9
Note 3 - Property and Equipment: Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2015
Tables/Schedules  
Property and Equipment

Property and equipment are as follows:

 

 

March 31,

December 31,

 

2015

2014

 

 

 

Land

$3,870,297

$3,994,647

Plantation development costs

9,471,752

$9,638,425

Plantation equipment

1,330,772

$1,366,258

Office equipment

102,454

$103,770

 

 

 

Total cost

14,775,275

15,103,100

Less accumulated depreciation

(1,301,128)

(1,268,845)

 

 

 

Property and equipment, net

$13,474,147

$13,834,255