Pledged Deposits

3 Months Ended

Dec. 31, 2012

Pledged Deposits [Text Block]

2 Pledged Deposits

Pledged deposits as of September 30, 2012 and December 31, 2012 consisted of the following:

		September 30,		December 31,
		2012		2012
Pledged deposits with banks for:
Construction payable	$	129,768	$	-
Bills payable		5,380,430		4,938,696
	$	5,510,198	$	4,938,696

Deposits pledged for construction payable are generally released when the relevant construction projects are completed.