Land Use Rights

12 Months Ended

Dec. 31, 2011

NOTE 5 – LAND USE RIGHTS

There is no private ownership of land in China. Land is owned by the government and the government grants land use rights for specified terms. The Company’s land use rights have terms of 45 and 50 years and expire on January 1, 2053 and October 30, 2053. The Company amortizes the land use rights over the term of the respective land use right. For the years ended December 31, 2011 and 2010, amortization of land use rights amounted to $91,316 and $87,204, respectively. At December 31, 2011 and 2010, land use rights consist of the following:

	Useful Life	December 31, 2011			December 31, 2010
Land Use Rights	45 - 50 years	$	4,242,273		$	4,083,728
Less: Accumulated Amortization			(421,737	)		(316,569	)
		$	3,820,536		$	3,767,159

Amortization of land use rights attributable to future periods is as follows:

Years ending December 31:	Amount
2012	$	92,878
2013		92,878
2014		92,878
2015		92,878
2016		92,878
Thereafter		3,356,146
	$	3,820,536