NOTE 9 - ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

NOTE 9 - ACCRUED EXPENSES

Note 9 – Accrued Expenses

Accrued expenses as of June 30, 2011 and December 31, 2010 consist of the following:

	June 30, 2011	December 31, 2010
City maintenance construction tax and value added tax	$                20,085	$                14,271
Contribution for employee welfare plan	39,098	41,220
Registration right liability	1,324,735	1,324,735
Total	$            1,383,918	$            1,380,226