Bank Acceptance Notes Payable

3 Months Ended

Mar. 31, 2012

Notes Payable To Bank [Abstract]

Bank Acceptance Notes Payable [Text Block]

NOTE 7 – 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. At March 31, 2012 and December 31, 2011, the Company’s bank acceptance notes payables consist of the following:

	March 31, 2012		December 31, 2011
Agricultural and Commercial Bank, non-interest bearing, due and paid on January 15, 2012, collateralized by 100% of restricted cash deposited.	$	-	$	314,233
Bank of China, non-interest bearing, due on July 13, 2012, collateralized by 100% of restricted cash deposited.		158,110		-
Bank of China, non-interest bearing, due on August 23, 2012, collateralized by 100% of restricted cash deposited.		78,831		-
Total	$	236,941	$	314,233