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Receivables, Loans, Notes Receivable, and Others
12 Months Ended
Dec. 31, 2011
Receivables, Loans, Notes Receivable, and Others  
Financing Receivables [Text Block]

Note 9 – Accounts Receivable

 

As of December 31, the Company has accounts receivables as follows:

 

 

2011

 

2010

Receivable from game sales

$     414,988

 

$      422,140

Other receivable

2,122

 

-

 

417,110

 

422,140

Less: Allowance for bad debt expense

-

 

(145,376)

Accounts payable, net

$    417,110

 

$    276,764

 

Note 10 – Notes Receivable

 

Pursuant to subscription agreements on October 3, 2011, investments were paid in the promissory note for a term of 6 months.