Other receivables

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

Other receivables

4.  Advance to Suppliers 

On July 16, 2010, in the northeastern port city of Dalian, a blast hit two oil pipelines and spread an estimated 1,500 metric tons of crude oil (462,000 gallons) into the Yellow Sea. The PRC government closed the beaches and port facility, and retained environment protection companies to clean up the spill.

Dalian Beigang was authorized as a legal representative of BioRangers, Inc. (Oppenheimer Technology Japan, Inc.) to act as sole agent of TerraZyme and other enzymatic products in the territory of China. TerraZyme was recognized by the United States Environmental Protection Agency ("EPA") for the environment program as a safer oil spill treatment. TerraZyme was designed to be used to absorb spilled material. Full absorption of the spill took as little as few minutes for light diesel fuel or up to 1 hour for heavy oil. Dalian Beigang was selected by the Dalian government to use TerraZyme products to clean up the spill. The engagement contract is formalized with the government in 2011.

The balance of advance to suppliers was related to the payment deposit of TerraZyme products and other spill clean cost, which will be converted into cost of revenue when Dalian Beigang recognizes oil spill treatment revenue

	6/30/2011		12/31/2010
Prepayment for TerraZyme products	$	116,902	$	346,328
Project related cost		150,143		444,809
	$	267,045	$	791,137