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NOTE 13 - DUE TO AFFILIATED COMPANIES
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NOTE 13 - DUE TO AFFILIATED COMPANIES

NOTE 13 – DUE TO AFFILIATED COMPANIES

 

As of December 31, 2011 and 2010, the balance due to affiliated companies was $2,110,848, and $2,034,407, respectively. This balance represents financing obtained from Guang Dong Xin Xing Mei Biology Company Limited (“Xinxingmei”) and Evergreen Asset Group Limited (“Evergreen”). All amounts are non-interest-bearing, unsecured and repayable on demand.