INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2011

INTANGIBLE ASSETS

NOTE 5 - INTANGIBLE ASSETS

At December 31, 2011 and December 31, 2010, intangible assets consisted of customers’ lists arising from the acquisition of Likang Biological, amortized over 5 years. Net intangible assets as of December 31, 2011 and December 31, 2010 totaled $308,189 and $410,918, respectively. Amortization expenses for the years ended December 31, 2011 and 2010 were $102,730 and $102,730, respectively. Annual amortization expenses for the next five years from December 31, 2011 are expected to be: $102,730, $102,730, $102,730, $0 and $0.