Note 11 - Commitments And Contingencies

12 Months Ended

Dec. 31, 2011

Notes To Financial Statements

Commitments and Contingencies Disclosure [Text Block]

11.         COMMITMENTS AND CONTINGENCIES

The Company is committed to lease office spaces from a related party under a non-cancelable operating lease agreement in Hong Kong for a term of two years, with fixed monthly rentals, expiring in March 2013. Costs incurred under the operating lease, which are considered to equivalent to the market rate, are recorded as rental expense and totaled approximately $92,485 and $92,670 for the years ended December 31, 2011 and 2010.

As of December 31, 2011, the future minimum rental payments due under a non-cancelable operating lease in the next two years are as follows:

Years ending December 31:
2012	$	92,675
2013		23,169
Total	$	115,844