Bank Acceptance Notes Payable

9 Months Ended

Sep. 30, 2011

Notes Payable To Bank [Abstract]

Bank Acceptance Notes Payable [Text Block]

NOTE 10 – BANK ACCEPTANCE NOTES PAYABLE

Bank acceptance notes payable represents amounts due to a bank which are collateralized and typically renewed. All bank acceptance notes payable are secured by the Company’s restricted cash which is on deposit with the lender. The Company’s bank acceptance notes payables consist of the following:

	September 30, 2011		December 31, 2010
Agricultural and Commercial Bank, non-interest bearing, due on October 12, 2011, collateralized by 100% of restricted cash deposited.	$	156,206	$	-
Agricultural and Commercial Bank, non-interest bearing, due on January 15, 2012, collateralized by 100% of restricted cash deposited.		312,412		-
Total	$	468,618	$	-