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NOTE 11 - DUE TO RELATED COMPANIES
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements  
NOTE 11 - DUE TO RELATED COMPANIES

Note 11 – Due to Related Companies

 

As of September 30, 2011 and December 31, 2010, the balance due to related companies was $3,517,265 and $3,115,298, respectively. This balance represents financing obtained from Guang Dong Xin Sheng Environmental Protection Company Limited (“GDXS”) and Beijing Zhao Cheng Chuang Zhan Investment Company Limited (“BJZC”) in which Mr. Pu, the Chairman of the Board, has equity interests. All amounts are non-interest-bearing, unsecured and repayable on demand.