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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 7 - PROPERTY AND EQUIPMENT, NET
 
 
 
December 31,
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Furniture and fixtures
 
$
423,461
 
$
354,446
 
Computer and office equipment
 
 
293,100
 
 
281,975
 
Motor vehicles
 
 
878,732
 
 
761,702
 
Properties
 
 
9,657,427
 
 
9,367,650
 
 
 
 
11,252,720
 
 
10,765,773
 
Less: Accumulated depreciation
 
 
(2,112,986)
 
 
(1,462,512)
 
 
 
$
9,139,734
 
$
9,303,261
 
 
During the year ended December 31, 2013, depreciation and amortization expense for property and equipment amounted to $647,116 (2012: $454,382).
 
All properties as of December 31, 2013 and 2012 were pledged as collateral for the Company’s bank loans (See Note 11).