|
6. Property and Equipment, Net
Property and equipment, net consists of the following:
|
|
|
|
|
|
|
|
|
|
December 31,
2010 |
|
September 30,
2011 |
|
|
|
$
|
|
$
|
|
|
Leasehold improvements |
|
|
12,164,368 |
|
|
14,740,152 |
|
|
Buildings |
|
|
3,868,203 |
|
|
5,743,004 |
|
|
Furniture, fixtures and equipment |
|
|
15,226,064 |
|
|
18,106,646 |
|
|
Motor vehicles |
|
|
5,162,421 |
|
|
6,500,943 |
|
| |
|
|
|
|
|
|
Total |
|
|
36,421,056 |
|
|
45,090,745 |
|
|
Less: Accumulated depreciation |
|
|
(15,118,269 |
) |
|
(19,841,296 |
) |
| |
|
|
|
|
|
|
Property and equipment, net |
|
|
21,302,787 |
|
|
25,249,449 |
|
| |
|
|
|
|
|
Depreciation expenses were $3,712,545 and $5,055,633 for the nine months ended September 30, 2010 and 2011, respectively. |