RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Amount Due To/From Related Parties

Due from (to) related parties

Amount due from related parties are principally for advances in the normal course of business for parts and suppliers used in manufacturing

	December 31, 2012		December 31, 2011

Sanmen Branch of Zhejiang UFO Automobile Manufacturing Co., Ltd	$	3,093	$	978
Jonway Group		-		159
Total	$	3,093	$	1,137

Amount due to related parties are follows:

	December 31, 2012		December 31, 2011

Jonway Group	$	122	$	2,104
Jonway Motor Cycle		181		18
Taizhou Huadu		431		-
Shanghai Zapple		36		-
Hangzhou Zapple		147		-
Betterworld		152		-
Cathaya Capital		90		-
Total	$	1,159	$	2,122
Advance payments to Jonway Group	$	--	$	11,616

Schedule of Contract Rates

According to the contract, Jonway shall pay Zhejiang UFO a variable contractual fee which is calculated based on the number of SUVs that Jonway assembles in the Sanmen Branch every year, at the following rates:

The first 3,000 vehicles	$44 per vehicle
Vehicles from 3,001 to 5,000	$30 per vehicle
Vehicles over 5,000	$22 per vehicle