BUSINESS ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2012

BUSINESS ACQUISITION

Schedule of allocation of acquisition cost to assets acquired and liabilities assumed, based on their estimated fair values at time of acquisition

Accounts receivable	$	1,914,723
Property, plant and equipment		2,451,000
Accounts payable assumed		(1,772,334	)
Lease payoff		(259,385	)
Net assets acquired		2,334,004
Purchase price		1,542,389
Bargain purchase gain	$	791,615