Short-Term Bank Loans (Tables)

9 Months Ended

Sep. 30, 2012

Short-Term Bank Loans [Abstract]

Schedule of short-term bank loans

	September 30, 2012		December 31, 2011
Loan from Agricultural and Commercial Bank, due on March 30, 2012 with annual interest at December 31, 2011 of 7.88%, secured by certain assets of the Company and repaid on due date.	$	-	$	628,466
Loan from China Merchants Bank, due on May 20, 2012 with annual interest rate of 6.73% at March 31, 2012 and December 31, 2011, respectively, and repaid on due date.		-		471,350
Loan from China Merchants Bank, due on November 17, 2012 with annual interest rate being adjusted quarterly based on 130% of People’s Bank of China’s base rate.		473,634		-
Loan from Agricultural and Commercial Bank, due on October 10, 2012 with annual interest rate of 5.75%, secured by certain assets of the Company and repaid on August 22, 2012.		-		471,350
Loan from Agricultural and Commercial Bank, due on August 26, 2013 with annual interest rate of 5.75% at September 30, 2012, secured by certain assets of the Company.		473,634		-
Loan from Bank of Communications, due on May 14, 2012 with annual interest rate being adjusted quarterly based on 120% of People’s Bank of China’s base rate, and repaid on due date.		-		471,350
Loan from Bank of Communications, due on November 14, 2012 with annual interest rate of 7.32% at September 30, 2012.		473,634		-
Loan from Bank of Communications, due on May 23, 2012 with annual interest rate being adjusted quarterly based on 120% of People’s Bank of China’s base rate, and repaid on due date.		-		314,233
Loan from Bank of Communications, due on November 21, 2012 with annual interest rate of 7.32% at September 30, 2012.		315,757		-
Loan from Bank of China, due on January 16, 2013 with annual interest rate of 7.35% at September 30, 2012 and secured by certain assets of the Company.		947,269		-
Total short-term bank loans	$	2,683,928	$	2,356,749