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NOTE 10 - DUE TO RELATED COMPANIES
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
NOTE 10 - DUE TO RELATED COMPANIES

NOTE 10 – DUE TO RELATED COMPANIES

 

As of March 31, 2012 and December 31, 2011, the balance due to related companies was $444,962 and $288,555, 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.