ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2012

ACQUISITIONS

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